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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (9984)11/20/1999 9:28:00 AM
From: Allan Harris  Read Replies (2) of 15132
 
On October 2 I called the market a "raging buy" circa 1282 SPX:

Message 11426808

On October 8 I said we would be much higher by Thanksgiving, circa 1336 SPX:

Message 11489747

On October 15 I cited this "Buy Signal" as worth paying attention to, circa 1247 SPX:

Message 11569733

Now with Thanksgiving upon us, at 1422 SPX, I note as follows:

1. We are overbought by just about any and every technical measure;

2. We are in a Bull market;

3. Expect a normal Bull Market correction, at worst;

4. Note the leaders of this rally phase;

5. If a correction does come, those that hold up the best will continue to lead in the next phase up;

6. The overbought nature of the market can be worked off by anything from a short but steep decline to sideways, tractionless, aggravating churning;

7. However it plays out, remember, we are in a Bull Market and I am the King of France.

A
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