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

To: Arik T.G. who wrote (2263)2/23/1998 2:01:00 PM
From: bobby beara  Respond to of 5676
 
Arik the breadth of this rally is really stinks up the place, very deceptive and much narrower than Dec. 8th. peak, mutual fund owners other than indexers are watching the market averages zoom while their holdings are flat to down. 5th wave behavior. Lots of divergent indicators A/D line, new highs/lows etc.

We have had shooting star blow-offs in the Drugs - GLX, the Airlines, the Internets - AOL, and now the Computers.

It would be fitting for the last shooting star to be Dell if you are a Kondreitief fan -g-

I don't know if you will see a vertical ascent in the OEX since the sectors are blowing off in a rotational manner.

bwdik



To: Arik T.G. who wrote (2263)2/23/1998 5:01:00 PM
From: bobby beara  Read Replies (1) | Respond to of 5676
 
ATG, you might get your blow up this week, the McCllelan Oscillator had a minor change reading today and is approaching the neutral area, so I would assume the move would be back toward the overbought area and you might get your panic buying blow-off phase.

Here's to exhausting this sucker -g-


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