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To: Bill Harmond who wrote (79739)10/6/1999 2:33:00 AM
From: Eric Wells  Read Replies (1) | Respond to of 164684
 
>>This market looks to me likes it's ready
>>to go much higher.

So William, from what you are saying I assume you are relying on gut feel for your forecast of the market going higher.

I realize that any participation in the market is a gamble - and that gut feel may be just as good as TA or FA in predicting the market. But to say that the market is going to make a turnaround, and that we will be hitting new highs - I'd have to say that your very optimistic. I would think that from looking at what the market has gone through over the past few months, and with the factors that are currently impacting the economy, that there is probably a very good chance that we're going to see a lot of volatility until January - and that we may just go up and down as we have been for the past two months.

What do you believe is the likelihood that we will see a new high in the DOW or S&P before January?

Thanks,
-Eric