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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (57826)11/19/1998 8:57:00 PM
From: HairBall   of 58727
 
donald: Well, my technicals are catching up with my GUT FEEL. My new NYSE Adv/Dec Indicator is showing signs after turning up that it may well turn back down without giving a buy signal.

The IND, NYA, SPX are having a brief rally as expected, so far! The NASDQ has shown the most inclination to move up, with dramatic “internut” movement. The RUT has reversed its roll over and is showing some signs of life. However, the Transports are still looking anemic.

It will not matter how much money is on the sidelines when the Market starts the decline. Small investors did not change the direction of their retirement contributions until the Market had slid considerable. The only thing keeping this rally going is the greed of the Big Boys. They want those individual investor's investment dollars to keep pouring in as long as possible, before the decline is initiated and the pockets are picked clean. Violatility is one of their tools.

Over all the Market is at another decision point. I believe it will be to pullback from this rally soon. Your expectations for Mon/Tues fit in with forward looking my technicals. But, I would not be surprised to see it start tomorrow.

The depth of this pullback may well define the current Market action as Bear or Bull.

Regards,
LG
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