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To: Bobby Yellin who wrote (10672)4/26/1998 8:56:00 AM
From: Richard Mazzarella  Read Replies (2) | Respond to of 116790
 
Bobby, top? Even PBS is advertising mutual funds! Irrespective of all our fancy TA tools, much of the world just uses the 200 day moving average as their buy/sell signal. That's the only TA necessary to show what any market will do. Prediction of that event before the general market however is the smart game.



To: Bobby Yellin who wrote (10672)4/26/1998 10:58:00 AM
From: Terry Rose  Read Replies (1) | Respond to of 116790
 
Bobby, I ran across the following incredible numbers. According to a fairly reliable source there are over 527,000 brokers currently registered to sell stocks along with 8,000+ mutual funds and 4,700 hedge funds. Their main purpose is to generate sales in order to get a paycheck. Talk about cut-throat competition.

Terry,



To: Bobby Yellin who wrote (10672)4/26/1998 12:03:00 PM
From: Little Joe  Read Replies (1) | Respond to of 116790
 
Bobby:

I think your timer advisor (I guess that more accurately describes him) has hit on something that is important. During this move up the sentiment indicators have not ever moved to extremes that would be a sell signal. However and insider service that I subscribe to has issued a flash report that insiders are selling into this rally and they are close to a sell signal.

This stock market in some ways reminds me of the huge blow-off in gold when gold went over 700. There were a lot of people who knew it couldn't last and openly discussed it but my recollection was that market sentiment as measured by the people who do such things did reach extremes.

Well if you figure out the exact date of the crash (guaranteed, of course) let us all know so we can get rich together. I'm a long way from figuring this thing out.

Live long and prosper,

Little joe