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Technology Stocks : Who audits AOL's membership numbers?
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To: Alan Smithee who wrote (55)4/21/1997 8:08:00 PM
From: Thom Taylor   of 65
 
I agree with a test of the DOW and NASD to the top side but
I think both will make a test of it's latest lows 1st. I think
we have to have a high volume blow off day on the downside or
the completion of the dead cat bounce. I think today was the crest
of the 1st part of the dead cat bounce. That means we are headed
for the down test 1st in the next 5 days. But hey what do I know.

On the upside argument 4% for the earnings are coming out better than
expected with an 18% increase.

Just heard some guy on Nightly Business Report say he advises his
people to sell on any rallies. About 3 days ago when the DOW was
going up the NASD was giving contrary movements. Also, all the
real bellwethers are not showing good or any leadership.

Based on Seasonality investing the next good month will be in July.
Also, even though we have gone down 10% from the high for a correction
to be legitimate do we need to really have a correction from the
1st of the year? If we look at it that way, the correction hasn't
even started yet.

Today I myself moved another 28% of my 401k to cash. I hope to go
fully invested when we have a downward volume blow off or the
completion of the dead cat bounce.

If you, or anyone else reading this, want to be on my broadcast
e-mail list just e-mail to;
mindmatters@juno.com.

Hope this helps.

Have you notice fewer people logging in and responding to posts?

TT
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