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Strategies & Market Trends : The Millennium Crash

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To: The Perfect Hedge who wrote (3543)	9/23/1998 10:52:00 PM
From: bobby beara	Read Replies (3) of 5676

Yep, trading my hairy back for some hooves. I covered my shorts when we failed to take out the trendline on the Clinton tape. I felt that was probably the the turning point where the bear flag would fulfill or be killed. Today was the clincher. Ground Zero is absolutely right. I am a superbull. I think we are going to have a mega rally and a giant wall of worry and doubters all the way up. Favors is good, but the best market timers are not right all the time. The top ten timers were largely bullish until midway through August and now 8 of 10 are bearish in the face of a 3 week 120 spx point rally. I think too many market timers and cycle timers are counting on October, and that's why it's not going to happen. When bear patterns fail, you get a measured rally in the other direction. We had a big washout, before we can have any further corrective patterns we need to get back to the 50+% bulls and 20% bear sentiment. South Sea Bubble here we come. bb

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