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Strategies & Market Trends : Shorts waiting to happen

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To: Sabrejet who wrote (644)	9/1/1996 5:57:00 PM
From: Cadaver	of 852

RICH, I had a look at long term DOW charts and looks like we are ready for a 1987 type of correction. Unfortunately I dont know how much TA is valid over very long term. After all the explaination that charts are psychology does not hold good over say, 20+ years. Even if it's very valid, it might be sometime before the correction happens. Maybe summer of 1997. The bear market of 1929 was the best. I dont know if we'll ever see one like that again. Btw, naz 50 dma turned upward, so I'm not too certain of the continuation of the current bearish attitude. Am working on a long menu. Lots of charts looking bullish. Not a good sign. SHVA might have hit the bottom. I'm considering longing it. Cadaver

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