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To: pater tenebrarum who wrote (59655)8/31/1999 7:25:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 86076
 
Is it an immediate bullish indicator or does it take time to gestate? I am still not swayed. I still see further downside. No doubt we will have a few oversold technical bounces along the way, but I haven't seen anything that says we are going up in a big way. Personally, I don't care if the Dow makes new highs, I have never owned a dow stock yet, so as long as everything else heads to the crapper.....



To: pater tenebrarum who wrote (59655)8/31/1999 8:17:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 86076
 
Heinz, I bet you that after the dogs return from their summer vacation they will bark like crazy the market up. See 1997 just after labor day a huge rally with the market only to tank later.

If I remember correctly Lou G. from IBM pushed the market higher in October by announcing a huge "share buy back" by IBM with borrowed money from his friendly bankers.

History tend to repeat itself. Personally I whish this bubble to burst but keep in mind other with much more money available have something very different in mind.

BWDIK
Haim