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I believe the bottom is in within 1 to 3% of the the 2/25/99 low.The PE of
some major Dow stocks is now becoming more acceptable relative to tecno
land.
Everyone speaks about the Dow / Nasdaq divergence but the true divergence
has been the S&P / Dow divergence.There was a time when one S&P point
equalled 6 to 8 Dow points.That will return and you will know the situation
is normalized.
There has always been a Nasdaq / Dow divergence.We just never saw it so
blatantly until we had a Nasdaq 100 and Composite which so outperformed all
else.
Sincerely,
John
Sincerely,
John
>From: Chris McMurry <chrismcmurry@xxxxxxxx>
>Reply-To: chrismcmurry@xxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] Re: cosmic comic & da hex
>Date: Sat, 26 Feb 2000 10:45:12 -0500
>
>The Bradley indicator turns on March 1. Could mean a bottom for the Dow
>sometime this week.
>
>Jpilleafe@xxxxxxx wrote:
>
> > In a message dated 2/26/00 6:42:38 AM Pacific Standard Time,
> > ewag618@xxxxxxxxxxxxx (Tom Drake) writes:
> >
> > << the 5 jan low at 1387 was at "east" 360 degrees. the 14 jan high at
> > 1484.50 was exactly at "south" or 270 degrees. the 31 jan low of
> > 1357 stopped 2 points from exact 270 degrees on the next inner
> > ring. the 8 feb high of 1449.80 stopped 2 points beyond 180
> > degrees. and the low (if it is one) of 24 february stopped just one
> > point from 210 degrees, or 90 degrees from the 1496 high. >>
> >
>*************************************************************************
> >
> > Tom,...
> >
> > This post in which you share your work is appreciated.
> > Question: Regarding the above excerpt,...what do you
> > expect near term?,...can you project a time ratio where
> > the next turn should occur?
> >
> > In my basic static cycle analysis,...I see symmetry with
> > several of your dates,...turns separated by 17 MARKET DAYS:
> > 01-04 to 01-28, 01-28 to 02-23,...and going forward,...
> > 02-23 to 03-17 (indicated as likely turn point from several
> > different methods).
> >
> > Any "forward looking" interpretation very much appreciated.
> >
> > Jim Pilliod jpilleafe@xxxxxxx
>
>
>
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