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Some months ago I posted a pair of charts for the pre-29 and current
periods with some 20 years of history from the last major retracement on
each chart - around 40%. The charts featured the percentage retracement
of each significant dip. The two sets of charts show the same pattern of
decreasing percentage retracements. This bull pattern is longer. The
post-29 chart shows a series of increasing retracements. There is little
doubt in my mind that eventually the post-current chart will follow the
post-29 chart, however I'm not ready to call a top until I see the
whites of the bear's eyes.
Earl
----- Original Message -----
From: "Marlowe Cassetti" <marlowec@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
Sent: Thursday, March 09, 2000 9:55 AM
Subject: [RT] Re: Of 1929 and chart patterns...
> Interesting pattern of similarity. How does it look if you did it on
a log
> scale?
>
> ----- Original Message -----
> From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, March 08, 2000 2:54 PM
> Subject: Of 1929 and chart patterns...
>
>
> > > Maybe not, but we are back again to the 1929 scenario
> > > When I don't know. I just do what the charts tell me.
> > > Any more depressing news and I may hang it up for the week.
> >
> > Ira,
> >
> > Its called "you asked for it" <g>
> >
> > Here's a chart pattern for the historically inclined...
> >
> > Take it for what its worth. Haven't seen one of these since the bad
old
> days
> > of 1997 when we had similar looking HKSE comparisons galore on RT
and on
> the
> > web.
> >
> > This is partly in jest, partly a dead serious FYI.
> >
> > Gitanshu
> >
> >
>
>
>
>
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