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To: BigBull who wrote (53959)11/3/1999 9:35:00 PM
From: Roebear  Read Replies (2) | Respond to of 95453
 
BigBull,
I'm not trying to rain on your parade, I agree with you long term.
Over the next week or two however, the rising wedge the OSX is forming, its 50 DMA turning down, the lack of response to bullish news and the market apprehension over bearish news, upcoming OPEC meeting, $$$ going to SOX and techs, all seem to point to any rally being capped here at the 50 DMA for awhile. Short term I lean toward OSX breaking down one more time.

Otherwise, I'm bullish as heck VBG.
Then its winter and BOOM 2K Party "cake icing" time and all the fundamentals you have shown can work.

In the S/T its sentiment that pulls the trigger on the buys and oils just are not hot enough or cheap enough to get the market excited yet, plus the big boys have to get their OSX stocks cheap as usual.

Roebear



To: BigBull who wrote (53959)11/3/1999 9:35:00 PM
From: Gary Burton  Read Replies (3) | Respond to of 95453
 
BB--sure looks like onward and upward doesn't it!---But---the US Long Bond is currently due for a s.t. drop in here, at least as I see it. So, I am very short term highly cautious of Friday's employment number as being far too strong. Whether that causes stocks to do an about face, I don't know. If the DJ drops below 10,521, I would take that as a bad sign. fwiw----and I notice that many of the megacap gorilla stocks have already reached their long term (several years) upper trendlines on a log scale. Hmmm