http://www.history.com/news/2011/08/16/albert-brown-oldest-u-s-survivor-of-bataan-march-dies-at-105/?cmpid=PaidMedia_Outbrain_HIS_HITH
This guy recently passed on. He lived through the Bataan Death March.
Interestingly, in 1942, there was a rare "single bottom" rally in the stock market, which coincidentally occured in the midst of massive bad news, like the Bataan Death March. Also, for the US, a bit of good news, the Doolittle raid also occurred at that time. It seems like 2009 also had a single bottom, these are unusual. Many bears in 2009 assumed that the more likely double bottom would occur. Instead the market went on to a 100% rally, leaving bears crushed in the dust, yearning for the excitement of the huge earnings they had just experienced.
Here is a timeline I did a while back, seems very topical now, with the passing of Mr. Albert Brown.
http://oahutrading.blogspot.com/2009/06/soltice-is-today-armistice-tomorrow.html
Steveo,
ReplyDeleteST Correction coming
http://markethighsandlows.wordpress.com/2011/12/02/12-2-2011-update/
Reviewing your work, AND looking at my other indicators, I tend to agree, we are ripe, HOWEVER the trickiest thing the market could do would be to rocket up another 5%, bear in the headlights of an oncoming train.
ReplyDeleteSteveo,
ReplyDeleteI am never suprised by anything Mr. Mkt does. Anything can happen. It is our jobs to try and limit our risk exposure
by using methods that work a percentage of the time. My osc has not turned doewn yet. Si if the mkt continues to rally there is no sell signal