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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (13556)1/29/1998 1:31:00 PM
From: Simon  Read Replies (1) | Respond to of 18056
 
The S & P has consistently been doing better than the Dow. At 990 it shows a jump out of a triangle. I have to consider this either a bull trap and it will drop back down or we are in for one hell of a rally. The Trans. are right at the top of their flat top triangle. If they blow out the top, looks like we got one hell of a DEAD BEAR. Damn strange situation. Any big move from here sure looks like a blow off rally. Maybe the div. return on the S&P will drop to the lowest is recorded history.