1987

so far this looks just like 87....after the october bottom the market gyrated wildly and bottomed in december at a higher low........thus the october 10th low is just like the oct 87 low during the month of november 1987 here are some quotes gleaned from newsletters "NEW LOWS ARE IMMINENT" "1300 TO 1600 IS PROBABLE"THE GRAND SUPER CYCLES BULL HAS ENDED...(prechter) "THE DOW THEORY GUARANTEES WE ARE IN A BEAR MARKET....(russell) "ANY RALLY FROM HERE IS A BEAR MARKET RALLY7 AND SHOULD BE USED TO SELL SHORT" "THIS IS A TEXTBOOK FOURTH WAVE TRIANGLE FORMATION" after october 87.....short interest disintegrated

so far this looks just like 87....after the october bottom the market gyrated wildly and bottomed in december at a higher low........thus the october 10th low is just like the oct 87 low

during the month of november 1987 here are some quotes gleaned from newsletters
"NEW LOWS ARE IMMINENT"
"1300 TO 1600 IS PROBABLE"THE GRAND SUPER CYCLES BULL HAS ENDED...(prechter)
"THE DOW THEORY GUARANTEES WE ARE IN A BEAR MARKET....(russell)
"ANY RALLY FROM HERE IS A BEAR MARKET RALLY7 AND SHOULD BE USED TO SELL SHORT"
"THIS IS A TEXTBOOK FOURTH WAVE TRIANGLE FORMATION"


after october 87.....short interest disintegrated

Did you call this bear market, Chief?

what bear market.......its but a flesh wound.........-g-

Jul 10 2007, 08:35 PM Post #6 Member Group: Traders-Talk User Posts: 4260 Joined: 9-October 03 Member No.: 321 QUOTE (ogm @ Nov 14 2005, 04:13 PM) While everyone is mezmerized staring at the Nasdaq and GOOG tickers, the broad market is erroding. NYSE A/D line very weak, 2 to 1 decliners again, down volume already higher the Friday and worsening by the minute. Summation on daily slowed down to the tiping point. One more day like this and it rolls over again. There is a lot of distribution under the surface, while shiny things getting dingled in front of everyon'es noses. naw...i think its going much higher....u worry to much.......

what is your climx indicator saying, chief? klh