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Strategies & Market Trends : The Stock Market Bubble
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To: Roger A. Babb who wrote (612)6/12/1998 10:04:00 PM
From: bobby beara  Read Replies (2) of 3339
 
Roger, I think today was a reversal day. We bounced off the 1080 support area and closed above yesterdays close.

I think we are in for more exhuberance (I'm targeting 1184). Nikkei sitting on support also and this GDP report might be the kind of bearishness that might marke a short term capitulation bottom.

XAU may have had a reversal day also.

If I'm right, we should see volume increase next week as we climb to new highs.

bb
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