Ask DrBob Message Board - Msg: 23711756

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Strategies & Market Trends : Ask DrBob

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To: FLACK who wrote (95392)	7/18/2007 11:58:16 AM
From: Rarebird	Read Replies (1) of 100058

This Bear Stearns' Wreck is likely just the tip of the iceberg.... Traditionally, the Dow Industrials have been the last to top in a bull market. That appears to be what I'm seeing right now. I know the Bears are hungry, but I'd wait till early August to short this market. To be sure, the broad market is lagging badly, indicating an end to the bull market; but it's essential to get confirmation that the relative strength of the Nasdaq 100 versus the S@P 500 has peaked before I put on my bear suit. Before we get a prolonged slide, the broad market (Russell 2000) should rebound in relative strength compared to the S@P 500. PS Very Nasty storm in NYC this morning. Roadrunner was down for almost 4 hours.

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