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Pastimes : Ask Mohan about the Market

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To: Joseph G. who wrote (6816)	11/1/1997 6:38:00 PM
From: Cynic 2005	Read Replies (3) of 18056

Joe, eerie similarities. Aren't they? I would venture to guess that Oct 27 is much like Oct 3, 1929! We may have 6 more weeks to go for the replay. Looking at the trading pattern on the far-east WEBs, (see my note on the Mill crash thread) we may be approximately 4-6 weeks away form any king of a bottom (retest or further decline.) Reading through the Barron's, it sounds to me that the sentiment now is extremely bullish. Every extreme bull, including the Ibe guy, is now happy that the weak hands are shaken out. At some point we DO know that weaker hands are better than the strongest who has has the guts to buy the last dip before the big one. techstocks.com -Mohan

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