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Strategies & Market Trends : Shorts waiting to happen
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To: Joel Brussell who wrote (385)8/1/1996 12:52:00 PM
From: dppl   of 852
 
Hello Joel,

Thanks for the "heads-up" on the H&S. Yes I can see this is down clearly.

However, I believe we have two scenarios playing out. A COMP that is looking toppy and which is now in a rather half-hearted retracement and a bond that is coming down.

In the stocks I follow I think the bond may slow things down a bit but I really don't think it will reverse the trend. In fact I'm not sure the bond can reverse the trend in the market as a whole, perhaps it can add fuel to this "channel" of the uptrend.

What is your view of the broader context here?

Good luck

dppl
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