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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: randy kay who wrote (14835)	11/19/1997 10:29:00 PM
From: Nancy	Read Replies (1) \| Respond to of 50167

Randy, the indicator is 2 week delayed and those short interest may disappear already during last week's reversal (Thursday). On the other hand, the NYSE volumes on Fri - today, are not impressive. Except Thursday, we were up on lighter than 600 millions volumes which is not a strong follow-thru. Nonetheless, we will see more up till holiday at least.

To: randy kay who wrote (14835)	11/19/1997 11:17:00 PM
From: Judy	Respond to of 50167

Randy, you sure are excitable ... My sense is that this week would be bullish and to short into any rallies of strength. We may have a bit more on the upside since the institutional darlings are now oversold and due for a bounce and the DOW bellweathers like GE still need to bang into their 9-day upper bb's before retracing down. No matter the sentiment factors are two weeks delayed. Sentiment takes months to form and does not dissipate in a couple of weeks. Market bottoms are just not formed this way, and I seem to post this every other day. The specialists are pegged at the top, the members (herd) are also and the herd is always late to the game ... so a bottom is due to be set. That means downside then sideways consolidation. You know by now I do not waiver in my views, the market must convince me.