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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Jerry Olson who wrote (23978)5/22/1999 6:31:00 AM
From: donald sew  Read Replies (2) of 44573
 
Jerry,

The pattern now reminds me alot of the spring of 1996 when I first got into the market by buying small/micro caps in APRIL 96, when they started to froth. The difference now is that the penny stocks are not as frothy as back in 1996 for those who remember IDID,SEXI,IMAT,ANCR,ADVR,ETC. ggggggggg

Recently I have had 2 dead small cap stocks in my portfolio which took off to the upside, HAUP/ANCR. Right now the RUT/small cap sectors are the hottest.

Going back to 1996, the market started correcting around Memorial Day
into the JUNE/JULY timeframe, and, of course, it was simply a buying opportunity.

What is also interesting to note is that that the 9 month cycle arrived at the same time in 1996 as it will 1999, where the cycle bottom would be July.

Expecting and hoping for some sort ofa pop to the upside next week to initiate PUTs.

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