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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jorj X Mckie who wrote (785)4/4/2000 11:58:00 PM
From: robert b furman  Read Replies (1) of 33421
 
Hi Jorie,

I have maintained for quite a while that the final top of this great bull market will be the mother of all bull traps.

It is quite conceivable that the Dow with its beaten down "value stocks" (and slow growth ) could well become the favorite play.At the same time the NAZ with its high growth players(I'm talking about chip mfrs ,semi equip mfrs - those with really good earnings,- I think the internuts are dust and history)will launch a very convincing MOMO run up to 5000 plus as the SMALL caps provide the % gains and the limited new highs.

siliconinvestor.com

This scenario will prove palatable to the maximum number of bullish investors and in fact provide the last great opportunity to the gullable public to receive and complete the final distribution.

NEEEDLESS TO SAY- WE MUST ALL BE SHORT BY THEN for the next great wealth defining moment for the true great traders.

At this magical moment, I think the Russell will top out as the Dow and the Naz get stuck at just below tops due to overhead resistance and shorting pressure.

P.S. We all live happily everafter. JMHO

Bob

Notice how the dow and the s&p are on a convergence with the naz and the russell 2000. The small dogs will still have their day and it will be at the very end.
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