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Strategies & Market Trends : Rande Is . . . HOME
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To: Bucky Katt who wrote (2755)2/4/1999 1:10:00 AM
From: ~digs  Read Replies (2) of 57584
 
William, I'm a full blown bear right now.

Regarding the advance/decline line:

decisionpoint.com

This chart would scare the hell out of me if I was in large cap I-nut bubble stocks. Same with Dell and MSFT too really... these companies are just trading at way too many times earnings. First off, notice the consistent distance between the lines prior to the recent madness. Next, notice the differential between lines on July 10th (the first day of the bear correction of 1998, give or take a few) when compared to the current differential (note: the chart is a few days old). The difference in july was something like 180 pts. It is now approx 260. What this means to me is that we are now 72% (percentage of what I don't know, just made it up :-) more due for a correction than we were in July. All I can say for sure is that we're approaching a probabilty of one as far as major corrections go. The madness has to stop sometime. I agree that it will probably happen sooner, rather than later.

To think, I've never even shorted a stock before. Well folks, that's probably about to change. The first one I'm goin' after is EBAY.

Can anyone give me a link for the futures markets? Preferably one with the market indices of other nations as well. TIA

Dave
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