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As you have previously discussed, cycles are fractal. The shape of one's
trading cycle is a function of its placement in larger fractals. Yes, the
eventual low of this 20 year advance could be higher than our near term low.
IMO, the most reasonable expectation is that eventual low will bring the
DJIA back to its 20 year up trend line. It is also possible that the entire
blow off phase since the 1994 low will be retraced. Either way, you will be
happy with the volatility.
-----Original Message-----
From: Ira Tunik [mailto:irat@xxxxxxxxx]
Sent: Tuesday, March 13, 2001 9:01 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] RE:[RT} DJIA: random thoughts
sounds good to me. the problem with your cycle low theory is that it can
occur with the market 1000s of points higher, in anticipation of the next
new
economy, or much lower, indicating a low has been reached in another
fashion. Love either scenario for they offer volatility. Stagflation could
be a third scenario.
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