Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.560

-2.5%

Nov 7 9:30 AM EST

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To: Bill Wexler who wrote (5279)	12/5/1999 10:16:00 AM
From: Shtirlitz	Read Replies (1) of 10293

I absoultely agree that the market is about to correct. Especialy Nasdaq. One of my favorite timing indicators is the puts volume in the leaders. It spiked on Friday. For example look at Cisco Dec 95. If Nasdaq will not start sinking on Monday, it will happen sometime very soon anyway. Is it a Y2K sell-off or profit taking, but it is going down. Long term, I'm very concerned with a nasty trend developing in bonds, since last year. They have been falling ever since they spiked at 5% in August, 98. And bonds are always 6-12 month ahead in the market cycle trend reversals. On the other hand fundamentaly the economy still appears to be strong. Just before the latest rally you where talking about a buying opportunity. Now you are taliking about selling and hedging, going into the future. Is your long-term view changing?

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