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To: AllansAlias who wrote (33057)	11/2/2000 8:40:20 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

the next cycle turning point is in late November, the 27th. at this point it's too early to determine whether it'll be a low or a high, but the bulls better hope for a low. if it IS a low, it could mark a great intermediate term buy point. if it's a high, the bear market will re-assert itself thereafter imo. we have passed important fibo time points without incident...which means the fibo time frames have to be re-assessed. haven't done that yet. while the market continues to look perky, it is important to keep in mind that various sentiment indicators are back in bullish exuberance territory. most notably the Rydex ratio is at a lowly 0,11 - only 0,03 above its all time low. in terms of this measure, the market's upside potential seems severely limited. however, some fund managers are likely being plagued by fears of missing out, and i'd expect them to pile in some more. as we all know, fundamentals count for very little in this market...what counts are the pretty pictures, and they have become somewhat prettier in certain sectors lately.