4 replies to this topic

[eminimee]

when we breakout to a new high

http://stockcharts.com/c-sc/sc?s=$OEX:$SPX&p=D&yr=2&mn=1&dy=0&i=p04962696763&a=99886703&r=7167.png

[rkd80]

Tp, what is the significance of OEX outperforming SPX? You have mentioned it several times and I figured I would ask now:)

[borland]

rkd80, Look back, when the markets peaked in 2000, the ratio also peaked. The ratio peaked in 2000 at around 0.5669. But the breakout from resistance at a similar level (0.4675) came in 1994. After 1994 index prices climbed much faster than in previous years. I think that's what TP is getting at; expect a climatic run that will last a few or maybe fewer years.

[eminimee]

Here's a chart to explain better...note the boxed areas...history never repeats..but can rhyme.

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1987-01-01&en=2007-12-31&i=p36430880995&a=68755843&r=8107.png

[wxman]

What a great chart!
thanks

Here's a chart to explain better...note the boxed areas...history never repeats..but can rhyme.

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1987-01-01&en=2007-12-31&i=p36430880995&a=68755843&r=8107.png