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To: pz who wrote (11722)2/10/1998 8:56:00 PM
From: Patrick Slevin  Respond to of 17305
 
No, I did not think the rally would come until tomorrow.

My son is a lazy jerk. Fortunately, the teacher is from the old neighborhood and I told him to lean on him, if you catch my meaning if you get my drift. Parents my age today are too far removed compared with parents from the '50s.

Then, if the auld lady beat the daylights out of you and e cops showed up they would hand the auld lady another whip.

I expected a moderate selloff then a bounce into lunch and a moderate decline in the afternoon. I am concerned that this leg-up is unsustainable because no base has been formed. The market has not consolidated and basically has just sailed up continually.

My best guess is that tomorrow is also positive but a sharper short-term decline is in order because the only basis for this most recent leg is to attack all-time highs, laying open the possibility of a double top and making traders on the long side nervous because "locking in profits" made be of more importance than making more upside gains.

Did I respond to both you and Sue?

If I have to get more stuff I can as soon as I break someone's neck.