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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Robert Gomez who wrote (6538)	7/14/1999 8:38:00 AM
From: flatsville	Read Replies (2) \| Respond to of 9818

>>>The motto is complacency. No crash without it. No correction till November.<<< Robert see: bway.net The fifth wave of that chart is entering overbought territory right now. The correction begins soon--end of July beginning of August? No one may much notice until they get slammed in Oct./Nov., but this looks very much like a replay of last year...only much worse. The difference is that last year we did not have that huge divergence in the A-D line that we now have: decisionpoint.com The A-D line erosion began in Nov. 98 and began in earnest mid Jan. 99. (I recall this was a big cause for concern among the CNBC talking heads in the early spring indicating that the "recovery" was not broadly based. Did you see it in your own portfolio?) >>>If it is severe, we will get our Christmas rally.<<< Robert, I don't think so. This market will go down, stay there and lay low. By then y2k FUD should play into mass investor psychology. By Jan. y2k failures, real or imagined, will keep money on the sidelines. I hope that the majority actually listen to Ratcliffe and "hold that bag even tighter." I couldn't be happier (unless they continue to buy on dips.) I've got two short accounts open and applications under process for others. >>>Complacency.<<< Yep, I'm counting on it. I also have faith that the greater fool theory applies here. Momma needs a new pair of shoes.