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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert Graham who wrote (7656)4/19/1998 7:06:00 PM
From: Darth Trader  Respond to of 42787
 
Robert, here is what I was blabbering about on the TSO thread.

Evidence that this market may have more steam:

The DOW rallied from low on April 18, 1997 of 6315 to a yearly high on August 8 of 8340 for a gain of 32%

The current Bull Leg started from a low on Jan 23, 1998 of 7609 to a high as recently as April 19 of 9250, for a gain of 21.5%. What stopped the market hard was Asian fears and the fact it was Oct! Currently the market is enjoying nearly zero inflation, strong corporate profits and low interest rates