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

To: Cynic 2005 who wrote (1555)	11/6/1997 9:31:00 AM
From: Arik T.G.	Respond to of 5676

Mohan, Agreed. A substantial rise today would kill my bearish enthusian, and could hint on another vertical rise to new highs and the Millenium Crash in early '98 (Rarebird's scenario). A nice drop today will show the MGs are out of buying power, and fear will creep to investor's hearts again. That makes today a very important day. And I didn't use the former sentence often. I mean it. ATG

To: Cynic 2005 who wrote (1555)	11/6/1997 11:42:00 AM
From: Joseph G.	Respond to of 5676

Mohan, bear in mind that contra sentiment indicators are right only at turning points; otherwise, contra-contra (trend following) works. Now, all yoy have to do is to figure out when is the turning point in real time ... Joe

To: Cynic 2005 who wrote (1555)	11/10/1997 7:51:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

The trend of the market is down. OEX has broken 890 support and confirmed. IMO an early 5 points gain in the OEX would be a great opportunity to go short the market. S&P futures tradind now +6 a good short as well. However, SPX over 940 would trigger alarm bells that the 1% gain in Friday just before the close failed to do in my bearish sentiment. A close over 940 will cause me much confusion, and I will withdraw from bearish positions. That, IMO, will not happen. We close down today. Should be down hard, but in light of recent strong surges i'll settle for another 80-120 points in the Dow. KO is headed to lower 40s MCD will meet 41 again GM mid 50s XON looks bad Strong Dow stocks are the dogs- T, EK, did not succumb to recent down trend. ATG