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Strategies & Market Trends : The Stock Market Bubble

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To: Mark Bartlett who wrote (2146)	10/13/1998 10:20:00 PM
From: bobby beara	Read Replies (3) of 3339

MB, you are probably right, one thing that bothered me about the recent OEX put/call ratio was the we made a higher low than the 9/1 bottom. I would think at the price bottom, the put/call ratio would greatly exceed the momentum bottom. Microsoft today, reversed off the bottom support (now resistance) of a triangle that draws it's base from December and the nasdaq is sitting on 1500 support. I saw a complete elliot 5 wave sequence completed on Thursday from the 1066 high and thought that might be a completed sequence and we would reverse from there. However, there is a possiblity that it is just the first leg of a greater 5 wave sequence. The Damocles sequence. bb

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