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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (1886)12/31/1997 3:15:00 PM
From: Chip McVickar  Read Replies (1) of 5676
 
Arik

Thank You for your reply....
I will go througth the leads that you posted and sift through the information.
.
The **sentiment and power of the players** in this Bull Market from the
early 80's....almost "demands" that this market continue upwards.....
Any chance to buy on dips is taken....profits are also quickly taken by
these same players causing the rotation of market indexs.
.
Technical programs of these professional traders and the "stick-to-it"
boomer investors have created this long rise and the refusial to relenquish
any of the upward bias....especially since October 1987. Not to mention
the possble intervention of the Fed and Government in the overnight markets.
.
None of these groups are going to **Give Up** easily...to much money...to
much reinforcement...to much power from the success of their investing.
Also, to much at stake.
The players understand that nothing can stop them....they are very confident.
.
I feel it will take a defining event to change and alter the established
direction of this market.....Japan maybe another part of that event or
perhaps something not yet factored in....but it will require **something**
that cannot be denied. The event may come swiftly or the players may buy
the dips and drag it out....there is no reason why these **NEW Markets**
cannot enter another period of prolonged flat trading.
.
In any case.....it all needs to be carefully watched and I for one appreciate
the your involvement in keeping us all aware.
.
The Very Best to You in New Year

Chip

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