teknobucks
Active member
imported post
http://bigpicture.typepad.com/comments/2004/12/ralphs_fearless.html
All of Wall Street makes year out predictions (present company included), and by definition, they are problematic at best. What I found most impressive in Ralph's Fearless Forecasts for 2005 was buried towards the end. It was his short list of “anticipatory technical indicators that materialize before the cyclical bull comes to an end.” These are Ralph’s signs that can warn you the end is nigh:
Good stuff. Ralph's insights are always well worth noting.
http://bigpicture.typepad.com/comments/2004/12/ralphs_fearless.html
All of Wall Street makes year out predictions (present company included), and by definition, they are problematic at best. What I found most impressive in Ralph's Fearless Forecasts for 2005 was buried towards the end. It was his short list of “anticipatory technical indicators that materialize before the cyclical bull comes to an end.” These are Ralph’s signs that can warn you the end is nigh:
Code:
[b]•[/b] NYSE Advance/Decline Line usually peaks
several months before the leading averages
score their final highs;
[b]•[/b] The DJ Utility avg usually rolls over 6 months
before the other leading averages score their
bull market highs;
[b]•[/b] The number of 52 week new highs will stop
expanding as the leading averages push into new
high ground;
[b]•[/b] The relative strength line of value stocks
versus growth issues will transition back in
favor of value;
[b]•[/b] The price action on individual stock charts
will begin developing top (distribution)
patterns;
[b]•[/b] Noticeable contraction in volume while prices
expand;
[b]•[/b] The Lowry Selling Pressure line trends up for
several months.Good stuff. Ralph's insights are always well worth noting.
