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Strategies & Market Trends : The Stock Market Bubble

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To: Rashid Garuba who wrote (1438)	8/31/1998 4:26:00 PM
From: bobby beara	Read Replies (1) of 3339

Earnings are declining - the trend is your friend. This is the fastest/biggest drop off a price peak this century - that sets up a momentum thrust for a much lower price bottom than most are even thinking about. The trend line off the 87 crash lows thru the bottoms of 94 comes in at 6000, we will test that and most likely break it, given this momentum thrust. cbs.marketwatch.com As did Clinton's problems increase on the right side of the price peak so will many other problems ignored in the bubble phase. it's not the end of the world, just most likely the end of a decade(s) long bull market. fundamentals have supported this for over a year, now technicals confirm. bb

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