Word: waves
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Dates: during 1930-1939
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...change of trend. Two days later, rails, highballing after industrials, went to 24.9. To Robert Rhea, leading exponent of the Dew Theory, this was "more bullish than anything seen in the averages for more than two years." But Robert Rhea warned that though this meant that the secondary trend (wave) had changed from bear to bull, there was still no proof that the primary trend (tide) had done the same...
...effect by the sound from the bowels of the earth that yet was no sound, that preceded the big shock of the Los Angeles earthquake. The glass in every chandelier in the old Lyric commenced to tinkle softly, the opaque windows in the balcony all rattled gently. And the wave of fear, according to shaken witnesses afterwards, seemed to sweep over them, not from the stage, as my plans demanded, but from the opposite direction, from outside, from Shaftesbury Avenue...
Nozze di Figaro (Wed. 2:30 p.m.. MBS). Act II of Mozart's masterpiece by short wave from England's No. 1 country-house music festival at Glyndebourne...
This worries the sanitarians of the Western World. For from Northwestern India by way of Afghanistan spread the first epidemic of Asiatic cholera which Europe knew. It began in 1826, reached Russia in 1830, England in 1831. Another wave spread to Mecca, Egypt, England and, in 1832, to the U. S. Last of successive pandemics touched the U. S. as late as 1911, and the disease has been kept out of the country since only by close medical inspection of every sailor and traveler who enters a U. S. port...
...last week, though the tide was still indicated as ebbing (i.e., primary movement tending downward), a 7-point rise in the industrial average since May 31 encouraged a bullish hope that ripples might top previous crests of 121 for the industrials, 23.5 for the rails, thus show the current wave to be coming in. This week's Rhea letter said that every upward zig-zag step, if confirmed by both averages, would be bullish, but a downward zigzag prior to penetration of 121 and 23.5 would mean danger...