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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (1554)11/6/1997 9:06:00 AM
From: Cynic 2005  Read Replies (3) | Respond to of 5676
 
2. Bears on SI survey reached new low the day after SPX peaked, and high after the big drop, remained high. Bears were not that intimidated by the sharp correction.

Arik, it doesn't sound logical to me. People as a group, bears or bulls, are wrong. Today's retail sales are strong, low-inflation and good growth - that's waht the bulls might see today. If we close above 7750 today, we are in another for reckless buying binge with a top at 8200 and then a vertical fall.
-Mohan



To: Arik T.G. who wrote (1554)11/6/1997 9:18:00 AM
From: Tommaso  Read Replies (1) | Respond to of 5676
 
It isn't going to continue forever, but checking the international markets on Yahoo ahead of the opening, plus the flash quotes for S&P futures on the CME, certainly seem to help.

For example, it's right now 15 minutes to opening, and I am going to predict about 50 points down on the Dow within the first ten minutes.

After that, who knows?

But it doesn't look very exciting for today. Hope I am wrong.


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