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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (14313)	5/16/1998 8:49:00 AM
From: Richard Query	Read Replies (3) of 53068

Market Market From a T/A point looks very toppy to me. weekly indicators all seem to be rolling over with the Weekly Stochastics having crossed to the negative side. I would take a close under 9,000 as a warning, and a close at 8,800 as a conf. of a fall to at least 8,500 with 8,200 likely. And just for perspective the 100 week moving ave is all the way down around 7,200. From a F/A point the Dow looks even worse here with Oil (which has been hold inflation in check) looking to have bottom, signs of inflation, the turmoil in Asia, Rising wages, declining growth rates, and record high valuations for stocks. The Bear Cave is open. Be careful out there Darth

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