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Non-Tech : Invest / LTD
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To: Lucretius who wrote (5101)11/4/1998 9:31:00 PM
From: Copeland  Read Replies (1) of 14427
 
Depends on what Greenspan says tomorrow. Like some of the others,
I don't think Al's going to cut. He doesn't want it at 9000 and he doesn't want it at 7500 -- he's going to try his damndest to keep the market at the 8200 level at least a year or so until the S&P 500 catch up with their current astronomical valuations.

Agree with the bond market and the dollar. Especially the latter.
I also like the move with gold today.

On a purely technical note -- NYSE Composite and S&P both signal
very, very overbought according to stochastics and RSI. Plenty
of red sell flags popping up on Metastock today for a number of stocks
that I follow as well.

If there's a slight rally tommorow AM, I'm probably going to do some shorting.

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