
Edited by pnfwave, 21 December 2006 - 11:10 AM.
Posted 21 December 2006 - 11:04 AM
Edited by pnfwave, 21 December 2006 - 11:10 AM.
Posted 21 December 2006 - 11:14 AM
Hope i'm not stealing Frac man's thunder here, but his 1965-66 correlation to the current runup is very uncanny.
Here are the dates for the tops/bottoms in 1965-66 to 2006-07
1965-66 2006-07
5/14/65 T 5/09/06 T
6/28/65 B 6/13/06 B
7/22/65 B 7/14/06 B
11/04/65 T 10/26/06 T
11/10/65 B 11/03/06 B
12/6/65 B 11/29/06 B
1/18/66 T 1/10/07 T Jan WWW ????
2/1/66 B 1/24/07 B Jan opex ????
2/09/67T retest 2/2/07 T retest ????
3/14/67 B
5/17/67 B
8/29/67 B
10/07/66 Major Bottom
Adjusting for a 5-8 day calender phase shift, the dates line up very well, so if the correlation is to continue,
i would expect the current rally to continue into jan's WWW and then a tank job into opex, a retest around early feb and that's all she wrote, down into the scary depths of OCT 2007.
Looks like the plan unless it ain't...
Early buy signal here, so i'm covering my dow short for some lunch money..lol
Posted 21 December 2006 - 11:18 AM
Posted 21 December 2006 - 11:51 AM
Posted 21 December 2006 - 12:00 PM
Edited by vulture, 21 December 2006 - 12:00 PM.
Posted 21 December 2006 - 12:01 PM
For kicks, I went over to MRCI to look at these analogs. A few others of note:
1997
1994
1937
1929
and obviously the most talked about have been 1946 and 1966.
Almost all of the others peaked out around the first of February (temporarily).
Posted 22 December 2006 - 10:49 AM
WWW = wierd wollie weds, the weds before options expiration.