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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Kailash who wrote (17651)3/12/1999 5:30:00 PM
From: Tom Hua  Read Replies (2) of 18691
 
I mean, everybody except Ralph Acampora knows this is the top; we're supposed to go to 10,000 and nobody really took seriously the question of what we'd do next.

Kailash, this morning Joe Kernen and Mark Haines commented that the one decisive indicator that may lead this market down is Acampora's call of Dow 11,500. Haines remarked that the guy has been so wrong everytime he makes a call. As recent as last week, he was preaching a market correction but quickly changed his position today. Last October, after the Dow has made a triple bottom at 7400, Acampora came out and called for Dow 6500. And it goes on and on.

Regards,

Tom

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