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Pastimes : Ask Mohan about the Market

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To: Jack Clarke who wrote (13642)	1/31/1998 12:05:00 AM
From: Simon	Read Replies (1) of 18056

Jack: Also some culture shock for northerners moving to FL>>> Like what? Dow down 55. I am not too concerned about the Dow. It was the S & P and the Trans. that had me worried. They both were way into ascending triangles and right at the top. Normally in a bull market they break out to up side with a bang. Both got turned back today. The trans. seem more significant since there is not so much national attention paid to it and probably is a better indicator for today. BUT if the dow roars up 150 monday and the S & P goes up 20!!! It still is a bull mkt. Kind of hard to imagine unless Asia is forgiven all its debts.

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