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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (10365)	12/6/1997 8:01:00 PM
From: John Hunt	Read Replies (1) of 18056

Musings from the Great White North Perhaps I stared too long at the snow before looking at my TA graphs, but FWIW, here is what I see happening within the next week or two: Commodity prices will increase The price of Gold will rally Long term Interest rates will rise by 25 basis points by mid month The Dow Industrials, Transports, Utilities and S&P will all decline Nasdaq stocks will also decline, but less on a percentage basis than the Dow and S&P Small Cap stocks will rise Most of this is based on divergences between the indices and CCI(14) as well as my overbought/oversold indicators. I think the early part of next week will continue the current trend, before any of this happens. BWDIK, so take all this with a grain of salt unless it matches your thinking. How's that for sticking my neck out? I realize most of this goes against popular opinions. :-)) John

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