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

To: Zeev Hed who wrote (15554)	4/25/1998 9:28:00 AM
From: John Hunt	Respond to of 18056

<< the odds are that the next rally will get us to yet new highs >> Zeev, Think I will take the other side, at least for the immediate future. All of the major averages have broken medium term trend lines going back to early January. I see a correction at least to the area of the 150 day exponential moving average ( currently 8275 on the DJII) over the next 1 or 3 weeks. My other indicators are also showing significant loss of momentum. If the indices bounce from the area of the moving average, the mania will continue for a while. If they plow through it, head for the hills. BWDIK ... I have been wrong before. < G > John