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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Amelia Carhartt who wrote (4263)6/18/1999 12:28:00 PM
From: clochard  Respond to of 5676
 
You mean Jerry Favors, the technical wizard? You have to give those guys credit - as long as the fundamentals don't bite them in the ass, their "science" is pretty good. Just wait until inflation picks up.




To: Amelia Carhartt who wrote (4263)6/18/1999 4:20:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 5676
 
AG speech just gave backing for the mania to continue. It is interesting to note the strong divergences between the bond market and the stock market.

If I recollect correctly 5.75% was a critical point then 6% now it does not matter.

It is very reminiscent of 1987, in all aspects, but then valuation were about 1/2 of todays but interest rates were not double <G>

Haim



To: Amelia Carhartt who wrote (4263)6/21/1999 3:05:00 PM
From: Arik T.G.  Read Replies (2) | Respond to of 5676
 
It looks to me like the S&P has already topped, and we're experiencing a strong correction up.
To confirm this, today's high should not be surpassed in the medium term, and 6/11 low (1287) should be taken in a week or two.
When this happens, the crash phase is underway. OTOH if today's high on the S&P (1349) is taken, then the recent rally could hardly be called a correction up, and another bull leg is underway.

ATG