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Strategies & Market Trends : Why the markets will continue higher...
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To: GROUND ZERO™ who wrote (37)12/4/1997 1:25:00 PM
From: Chris  Read Replies (1) of 745
 
GZ --

great post.. thxs for the comments..

=====================
re:

1) The big top,

2) Prices will trade lower and digest it's gains before staging a further rally into new highs,

3) Prices will trade at this level for a few days or so and then stage a further rally into new highs.
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I would pick #2. we need the NAZ to help us.. it's struggling with the 1640 reisistance left to conquer.. small caps have been lagging as well..

i would still be in cautious mode.. we are in earning warning season.. asian currency effects will be seen in the earnings soon. hope it isn't too bad ..

only picks to play are the large caps -- dow stocks.. i think stock selection will be important for 1988..

drive safely.. <ggg>
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