Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (8144)	8/2/2000 9:48:51 PM
From: AllansAlias	Read Replies (1) of 436258

heinz, Remember how Hays mentioned today's market being like 1990. I had never studied 1990 in detail until I heard this. It's a beautiful death-by-double-top on the S&P. He must have meant it was similar in a sentiment sort of way. The chart, other than being a great read, does not correlate well with recent charts. (Grrrr. Wish we could post graphics.) Remember we were taking about SPU. Today, the breakout to new highs is confirmed. I am seriously re-thinking about what's up. Yes, a decline is most imminent, but it will be more contained in the tech world than many foresee perhaps. Oh yea, in 1990 the SPU foretold the fall with a nice divergence, and confirmed the bottom on the way out. --Allan

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