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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (47133)4/25/2000 10:16:00 PM
From: bobby beara  Respond to of 94695
 
only stoopid spekulators know fur sure -g-

todays conference board# were revealing, as i posted back in late december early january, i thought we had seen a peak in bullish optimism about the economy, which was closely tied to bull peaks in the dow and shorter term in the spx.

since then the numbers have been drifting down, the local t/a guy did a study using the consumer confidence chart, along side the future expectations chart during peaking markets over the last three decades, and the future expectations numbers always diverge and start making lower lows while the consumer confidence is making higher highs.

In january, while the consumer confidence was making a new high, the future expectations, was bouncing off the 10/97 high, not making a lower high, but a flat high.

anyway, we all know what happened after people were so goldilocks bullish in october 97.

i think the rallies here in the nasdaq are bear market rallies, i may be wrong, but thats the way i read it.

i believe the us economy dodged a bullet at the 4 year cycle low in 98, but the next cycle low in 2002 will not be so kind.

b