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To: Les H who wrote (97084)4/21/2001 11:52:46 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
Bubble-bust part deux

guardian.co.uk

FWIW, indicators are nearly lining up for a good 10-20 pct decline in the S&P if I can get the confirmed signals (weighted action list) to line up at 80% sells simultaneously with the unconfirmed reversal signals being over 80% sells. Unconfirmed signals are already over 90% sells for all major indices. Confirmed signals are around 60-70% sells. Looks like it will occur next week for overall market, S&P 100, and S&P 500. don't know yet about NDX. with a beta of 1.5 to 2.0 times the S&P 500, guess it doesn't matter.