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Strategies & Market Trends : The Stock Market Bubble

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To: set who wrote (824)	7/26/1998 5:37:00 PM
From: bobby beara	Read Replies (2) of 3339

Shahar, your looking at it from a bear point of view, remember in the last survey there were 53% bulls and 22% bears and on the decision point survey which is compiled on friday there were still only 24% bears buy the dip mentality has been rewarded for too long for it to disapear with a 4 day sell-off. So the 22% bears left will be selling to the 53% bulls, not good odds -gg- Dell looks hot to run Monday and Tuesday and would be a good call candidate. It peaked late in the last cycle - on 5/13 and it's final peak this time might indicate the turning point, Dells earnings are much later than the rest of the crowd and keep the bulls in for the earnings run-up. The wave structure looks to me like the 5th wave has yet to be completed. Chris has been mentioning it on the Stock Attack thread. My targets for the turn are 587 nyse, 1168 spx, 9168 dow. oh how I wantabe -ggggggggggggggggggggggg-

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