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

To: Bonnie Bear who wrote (14641)	3/5/1998 1:29:00 PM
From: John Hunt	Respond to of 18056

Bonnie, Good move ... you picked up a stock with a bullish One Reversal yesterday, like I was talking about in my earlier post. If you use a ' mental stop ', it should trigger if the price goes below the bottom of the tail. chart2.bigcharts.com Hey, and you get breakfast thrown in too. Sort of ' TA on a muffin ' ... How can you lose? :-)) John

To: Bonnie Bear who wrote (14641)	3/5/1998 1:52:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18056

Good move on Denny's. I've been eating there most mornings for the last month. (My mom says I need to have more protein for breakfast, and I've been too busy to do it myself.) Another cheap value play is RGFX, which is actually up today. My ADEX didn't get whacked as much as I feared. My suspicion now is that this will run as a replay of last year's tech whack. We will be at all time highs again in a few weeks. The bulls have plenty of cash, and the dipsters are having a field day. The exhaustion is not in sight. Picked up a copy of "The Art of Speculation", written in 1930, and it is a frightening read. He describes the current bull market precisely, and he was writing before he knew the depths that the markets would explore over the coming 3 years. Everybody thought the worst was behind them in 1930. He also talks a lot about basic speculation theory. For instance, the difference between bear market corrections and bull market corrections. I could have used some advice on recognizing the sharp market bottoms that characterize panic bottoms. I don't see a panic this coming week, and I've correctly predicted at least 20 of the last 4 major market declines/panics (ha ha). The reason is that the bulls are too complacent to stampede. Panics only happen in the face of a month or so of declining prices. We are too close to the market all time highs to have a panic. So I'm keeping my powder dry. -- Carl