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Non-Tech : Invest / LTD

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To: The Perfect Hedge who wrote (6405)1/7/1999 1:03:00 AM
From: R. Gates  Read Replies (3) of 14427
 
People so badly want 10,000 that they'll get it but, this chart would not suggest that the rally is so broadly based:

decisionpoint.com

The A-D line is does not lie. It doesn't parallel the NYSE and you know that the rally is narrow. We may hit 10,000 on the DOW just because we're within striking distance but then what??? This is early year euphoria that hasn't woken up from the Holiday hangover yet. It will...earnings will be disappointing and the dollar will continue to tumble... that will be enough to end the party, IMO.

R. Gates
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