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Stan,
Based on the graph, after the 1900 "high" prices didn't peak until about
1929 or 1930, so the K cycle may be indicating a high, but prices may only
respond +/- 29 years or so. :)
Patrick White
----- Original Message -----
From: "Stan Book" <sbook@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, February 21, 2000 11:07 AM
Subject: [RT] The big picture: Kondratieff cycle
TRs,
The attached gif would suggest that we are within the time zone of a
Kondratieff cycle high. Source:
http://www.ttheory.com/public/pubstudies/megatopics/longwave.html
Notice that cyclical highs in equity markets tend to occur after K cycle
highs - usually near the end of the K cycle.
Stan
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