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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (61835)	9/14/1999 8:55:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 86076

You ever read Granville's 'three phases' of the bull, 'three phases' of the bear, descriptions? This market has been in the 3rd phase of the Bull for nearly 2 years now. The public is confident in the 3rd phase. The smart money is fearful. Bull Phase 1- Public Fearful, Smart Money Confident Bull Phase 2- Public Fearful, Smart Money Confident Bull Phase 3- Public Confident, Smart Money Fearful Bear Phase 1- Public Confident, Smart Money Fearful Bear Phase 2- Public Confident, Smart Money Fearful Bear Phase 3- Public Fearful, Smart Money Confident You can throw all of the descriptions of a Bull Phase 3 up there and we meet every dam one of em'. A/D divergence shows the avg. stock has been in a bear market since April of 98. J6P won't figure it out till Bear Phase 3. A long ways ahead.