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To: The Ox who wrote (20284)4/24/1998 2:31:00 PM
From: Lucretius  Read Replies (4) | Respond to of 95453
 
Keep in mind that for this mkt to continue higher, money flow coming in must INCREASE, not just stay steady. To move a mkt higher you need an incremental increase in money flow coming in. Steady money flow will take the mkt dwn. Then when that money flow starts to slow because the mkt is not going up, you get a BRUTAL sell off.

But we'll see about my bear prediction, i could easily be wrong?



To: The Ox who wrote (20284)4/24/1998 2:50:00 PM
From: Alias Shrugged  Read Replies (2) | Respond to of 95453
 
Mike

Despite continued "boomer" 401(k) bucks, when the smart money believes that things can't much better, they usually don't, and the smart money leaves. This probably is not the beginning of a big bear, but the risk on the long side of this market is VERY high.

Good Trading

Mike



To: The Ox who wrote (20284)4/24/1998 2:56:00 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 95453
 
In addition to that, mortgage rates declined this week, and first-time jobless claims increased.

I, also, do not expect the Fed to move in May. However, they are definitely keeping their collective eyes open.IMO