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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (3725)	10/27/1998 1:03:00 AM
From: Moominoid	Read Replies (1) of 5676

I look at some charts that look toppy and others are looking ready to break up and right now UP looks like the path of least resistance. Now you're agreeing with me. I was beginning to get lonely on these threads <g> I have been bullish since the reversal on 8 Oct -well a day or so after it when I realized what had happened. I was very bearish from mid-July till then and somewhat bearish from April. However, I have no idea how long this rally will last. Many stocks are very overvalued still. DELL shows signs of reaching the terminal collapse of a broadening top. Maybe it'll just speed past on up. Most other trends are pretty strong on stocks I follow and SPX. I got weak indications of a peak a few days back on my regression model and then just continuing on up through ie not peaking. That is the indicator of a bull market. I assumed it wasn't a peak because my other TA method - MAs and Bollingers didn't confirm it. David PS I put more money into a small caps mutual fund here today. Pulled out on 23 July. and yes I did get a lower price going back in (plus a tax loss). Still have a lot of Aussie cash for buying put options if things turn down...... :)

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