Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (21859)	7/19/1998 9:52:00 AM
From: bobby beara	Read Replies (1) of 94695

>>>my take on the semis, a good measure of the techs, , is that we have been in this place on a short term basis over 10 times in the past 4 years<<<< Bill should I dares say "this time is different" -ggg- In the past 4 years we have not been staring a hurricane force currency devaluation and depression in Asia. While Japan and Hong Hong have bounced here the little tigers remain in the squalor. This spells chip glut. The evidence is already staring us in the face at the local computer store. >>>For over 2 years we have been saying tulipmania and no "pop."<<<< >>> am told bull markets last MUCH longer than anyone ever guesses<<<< Question asked - Question answered! -ggggggggg- 2 years ago we didn't have an internet stock with negative earnings and no real assets climb to 1.5x the market cap of United Airlines in a matter of months. I was looking at a chart in IBD of a basket of growth funds. While they have "grown" there RSI is lagging big, they just aren't keeping up the the S&P, SO WHAT DO THEY DO, they take on more risk by playing internet stocks to try to catch up. This is mature bull market speculation. Sentiment indicators in consumer confidence are at an all time high and bullish percent II survey is now re-approaching the 87 peak (came close on 4/22). One of the books on the best seller list now sezs the Dow is going to 35,000 or something. Margin is at the 87 peak. We is close Bill, and like I've been saying for a long time this bull will end with a spike V peak and reversal, just like that DAL chart I showed you. Your run to 1300 is sounding real good for the fait accompli. bobby bee

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