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To: Giordano Bruno who wrote (57633)	8/20/1999 7:15:00 PM
From: pater tenebrarum	Read Replies (3) of 86076

jim, note that the market did NOT follow through on a Don Sew sell signal...that is how one day makes a difference. however, we can hope that i will prove to be a contrary indicator and the market goes to hell like Fleck's buddy says... but i repeat: we need to turn down SOONEST, otherwise too many technicals will start flashing green lights and the bulls will simply buy hand over fist, fundamentals be damned. perhaps we should forget about the Dow and look at the NYA instead...as a barometer of general market health, the NYA doesn't look good at all. i'm still wondering about the a/d line...is the divergence as bad as it looks, or is the damn thing so oversold it will turn up? NORMALLY the divergence is resolved by stocks falling...but this is a mania, not a normal market, so i'm open minded about what the a/d divergence really signifies...

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