august tops

Discussion in 'Trading' started by Free Thinker, Aug 23, 2003.

  1. August 25,1987 - the exact top prior to the crash..
    August 23,1988 - low has never been returned to..
    August 24,1995 - low has never been returned to..
    August 19,1998 - top preceding 18% plunge in 2 weeks..
    August 31,1998 - important market bottom..
    August 31,2000 - 2 days before all time high..
    August 24,2001 - end of rally ,market drops 22% in under a month..
    August 22,2002 - exact rally top, market drops 21% in under a month.
    (Courtesy of Peter Eliades of Stock Market Cycles.)
     
  2. just a guess, but I think we made a top yesterday. I think we will be down next week, and into the middle of September before we rally again.
     
  3. vitajex

    vitajex

    Out of curiosity, which all-time high was that? I thought the high was in March.
     
  4. not sure what he means. i just posted those numbers from another source.
     
  5. Mecro

    Mecro

    Fundamentally, I just do not see any reason for the market to rally. Maybe a few idiot consumers are buying this jobless recovery crap.

    This was probably a good months for the big players and the specialist to go short.
     
  6. Jeffo

    Jeffo

    So everybody agrees the market is going down from here? Hmmm.
     
  7. IMO lower prices Monday=Buying opportunity.
     
  8. Wait for the BKX to break down further, maybe some skeletons need to come out from a few closets :D
     
  9. Jeffo

    Jeffo

    Hope this isn't too off-topic but could anyone comment on what's been ailing the financials lately? Maybe that would be somewhat relevant to the topic somehow.
     
  10. I think there will still be more up movement on the S&P (over 1015 area) during the next few weeks before we pull back to the 960 area again.
     
    #10     Aug 23, 2003