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Strategies & Market Trends : The Millennium Crash

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To: set who wrote (2785)	6/15/1998 7:53:00 PM
From: bobby beara	Read Replies (3) of 5676

Shahar, that "retail investors bought the dip" is a Wall St. hooey myth. The retail investors don't control this market, big money does. The retail investors give it up to the fund managers. decisionpoint.com This chart might convince you otherwise. I don't see any support for a while. Asia as indicated by the Hang Seng is going down for a secondary crash. Cyclicals like MMM and AA are getting plastered so the big caps are starting to leak one by one and I think Wall Street is getting the drift and doesn't want to be holding the bag. Further erosion of Asia is going to pull the worldwide banking system down. We had a peak bullish sentiment on April 22nd and the Bull on the cover of newsweek, and Metz retires the day before the big drop on 5/26/27 and today is day 55 from the SPX and Nasdaq peak. I think the Millenium Crash draweth nigh! bb

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