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Strategies & Market Trends : The Stock Market Bubble

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To: Moominoid who wrote (1941)10/4/1998 12:14:00 PM
From: Lucretius   of 3339
 
I agree w/ your scenario.

Take a gander at the following on a closing basis:

JPM
CMB
CCI
GE
MER
G
TRAN

Note that they all closed below their previous closing lows and then rallied on Fri back top to that lown (some didn't even rally back that close). Look familiar to any classic crash charts you've seen before? (G) Note alos that on an hourly basis, the rally's vol in each of these stocks weakened as it rose on Fri... another negative.

these stocks LEAD the mkt. Extrapolate what you will...

-Lucretius
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