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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (15862)	5/6/1998 9:07:00 PM
From: j g cordes	Respond to of 68330

AG's speak will be important, he's fun to listen to anyway... most of those in the room have audio in their ear, explaining in lay english what he's saying. The topping patterns are mostly island reversals on top of spikes on top of flag poles.. <g> I missed the obvious this morning when there was no follow through to the Benz/Chrysler rally. Had it been a merger between Yahoo and AMZN, then we would have gone up and stayed up... industrials don't count. There is a slowdown, that's obvious now, and interest rates may drop pretty fast to 5.5% longbond. The market would run sideways to up in such an environment with sector rotations sopping up capital. Will this market be the fortress of savings that the boomer generation casually withdraws its twilight spending needs from? Can't say yet, but one things for sure... Las Vegas will look like corn dogs and hay rides compared to 150 million on line investors. Jim