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Strategies & Market Trends : The Stock Market Bubble

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To: bobby beara who wrote (2098)	10/11/1998 4:41:00 PM
From: Investor-ex!	Read Replies (1) of 3339

Bobby B, I love it when you turn bullish! I can see you point on a daily basis, but on a weekly basis, last week was plain awful -- too soon to call a turn, IMO. Pick your metric: highs/lows, advancers/decliners, or nearly any major index. Only the DOW was up -- and that was likely a collusive ramp job. Note that the S&P ended lower for the week than the DOW rose. Only in viewing the 30-stock "headline" average does it appear all is well. I'm really surprised with your numerical reasoning -- and you a Fibonacciist! 9 (months) is not a Fibonacci number and neither is 270 (9 mos x 30 days/mo). Ignore these random chart coincidences. Fibonacci says we bottom around 12/20/98, which would put us very near the end of tax selling season for Tulip-Wilt, Part 1, and just in time for the start of January Effect '99. However, I would mostly agree with your targets in 1999. I put the first "real rally" top near 5/13/99 and the "lower low" after that on or about 8/10/99. The rest of '99 will be a mess.

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