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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: ViperChick Secret Agent 006.9 who wrote (10568)6/19/1998 3:53:00 PM
From: Magnatizer  Read Replies (1) of 42787
 
lisa

I listened out one ear while concentrating on something else but I did get the basics.

He said he will be in cash until the market goes above the all time intraday high of 9311 or so(?) At a break above that level he likes Dow to 10K. If we don't get a rally in July he feels the bull may be ending. Also says bear will not be confirmed til Dow 8100.

Basically his outlook is a rally in July. If the rally fails to go to new highs we are in trouble. he says we are range bound for a while. Refers to the history of market tops where there is a significant top (May) followed by a dip then a rally. the rally must break into new highs.

gee, did I just say the same thing about 3 times.

No new toys to play with from this interview :0(

ht
david
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