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This stuff usually gets airplay by journalists after most of the damage is
done. Journalists will never publish anything that may be right - its
against their miserable natures to publish anything useful.
David Hunt
http://www.adest.com.au/
Australians phone: 02 9527 4690
International: 612 9527 4690
US Callers phone: 1 312 577 0491 Fax 1 312 577 0491
-----Original Message-----
From: JW [mailto:inbox@xxxxxxxxxxxx]
Sent: Monday, 25 September 2000 10:05
To: RT - (post)
Subject: 'Sign of the bear' points to trouble ahead
FYI. Column in Sunday's San Francisco Examiner.
JW
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http://www.sfgate.com/cgi-bin/article.cgi?file=/examiner/archive/2000/09/24/
BUSINESS6808.dtl
The 'Sign of the bear' points to trouble ahead
RICK ACKERMAN
Sept. 24, 2000
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DURING THE last few years, unyielding bears have squandered much of their
credibility vainly trying to explain why the finale of the most spectacular
bull market in U.S. history was supposedly just around the corner.
Now comes yet another sign that the good times might end, but skeptics
should pay heed, since this indicator has never been wrong. It is called
"The Sign of the Bear," and in each of the six instances that it has flashed
red since 1929, the Dow Jones industrial average has subsequently declined
an average 41.6 percent.
The statistical basis for The Sign of the Bear was discovered in 1992 by
Peter Eliades, a Santa Rosa-based forecaster who was ranked by Hulbert's
Financial Digest as the top market timer in America for the period January
1985 through August 1990.
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