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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (1838)	8/26/2000 9:16:27 PM
From: winnes	Read Replies (1) \| Respond to of 100058

DEAR DRBOB: could you please check the hahn readings in the previous post from longdong and comment??? they have ruined my evening!!!! thanks alot!!

To: longdong_63 who wrote (1838)	8/26/2000 9:40:40 PM
From: wbone	Read Replies (1) \| Respond to of 100058

If Hahn23's theory is accurate than the people that are saying that a low VIX number signals a correction will be correct.

To: longdong_63 who wrote (1838)	8/26/2000 10:20:12 PM
From: bcrafty	Respond to of 100058

LD: Instead of a "correction of unknown magnitude" Steve Frenkel is a little more specific. Frenkel predicts 2780 by late October. He's the analyst who pretty closely called the bottom in May. He says he's going short around 4100 and would only change his negative views if the naz were to close above 4861. He says that each rally of late has come on weaker momentum than the previous one and fewer stocks are participating, which suggests problems down the road. And he doesn't like the fact that the market hasn't mustered much strength from the Fed's recent announcement. He thinks earnings concerns will lead to an eventual collapse. All this sounds real gloomy, but of course all I want to know is what is going to happen Monday.But I'm not selling any long term holdings yet.

To: longdong_63 who wrote (1838)	8/26/2000 11:02:05 PM
From: Drbob512	Read Replies (4) \| Respond to of 100058

LD: Have to say that I have heard this kind of rhetoric many times in the past 25 years, and with the exception of '87 (which was a quick bear market by historical standards), the doom and gloomers have been very wrong. I don't see enough evidence for a market crash of major proportions. Of course, the Dow and NYSE could have a correction soon, as they have had a pretty good runup compared to the Nasdaq, which has had a technical rally from a bear market decline of 40%. Did Hahn correctly forecast the April-May major correction/bear market or is he a trend follower after the fact? I am not criticizing him, because I will take your word that he is good. It is just that some people get bearish at the wrong time as trend followers who are too late. Most people's TA does not call for a sharp decline, but anything is possible. It's just not probably now, from my TA perspective. We already had a Nasdaq crash of 40% this year, and I don't see it happening again this year. What do you think?