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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (18265)5/9/1998 6:22:00 PM
From: bobby beara  Read Replies (2) of 94695
 
Don my theory here, if this wave 5 blow-off is similar to wave 5 of 3 blow-off (August 6), the DOW will diverge from the SPX and lead the advance, just because of some of the indexes you cited. Also SOFT may have a hard time going to new highs here with DOJ hanging over its head.

There is money fleeing SEA and my theory is it would go to treasuries and the most liquid DOW stocks.

This would exascerbate market divergences even more causing the pointy top this point top is calling for -ggg-.

members.aol.com

check this chart out.

Sound plausible?

bwdik,
bb
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