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To: re3 who wrote (70489)10/20/1999 4:26:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 86076
 
Ike,
I don't doubt it at all. 1290 is my pivot point so I figured that I would take a bearish gamble since one of the P&F short term indicators turned negative yesterday. The general rule is that the market goes the opposite direction of the indicator on the following day.

I don't think that we will see new highs until next year.
JXM



To: re3 who wrote (70489)10/20/1999 4:30:00 PM
From: accountclosed  Read Replies (1) | Respond to of 86076
 
what will stop this train now ?


rhetorically, the dow was as high as 11365.93 and it went below 10,000.00 several times in the last week or so. what stopped that train then? in retrospect is it totally understandable to you? and is the case that knocked it down, now gone?


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