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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (18145)	4/25/1998 6:43:00 PM
From: Lucretius	Read Replies (2) of 50167

IQ, per your request: RE: <<<I will like to continue until we have clear ritual tests and conventional reqiurements of a bull leg fulfilled-- one of them being that a great run is followed by a correction which can be as steep at 10 % or a first test of 20 days if that fails test of 50 days MA. >>> wouldn't the Oct '97 suffice for this "1st blip" and the corresponding hysteric run of the last 4 months as the last speculative, giddee-up spectacular? Sure looks like it to me. Could be setting up for one big giant head and shoulders. Oct being the left shoulder, the lasty 4 months being the head, and later in Oct being the right shoulder and the cliff? Speculation... yes, but what are your thoughts. Mkt has been looking ugly to me for some time now. MER is rolling over along w/ the UTIL and all of the big cap leaders like KO and G Japan is looking better and better. You in MBK yet? What's your call on Gold. Looks to me to have made a bottom. Been dead for yrs. Hard assetss could be the coming "place to be" -Lucretius

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