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To: Orhan Birol who wrote (45518)6/10/1998 11:08:00 PM
From: SE  Read Replies (2) | Respond to of 58727
 
You certainly may, as I am wondering myself! However, that is what my indications showed. However, the last time these occurred it was after a fair sell-off, not the rally that we have had as of late. I certainly would exercise caution, but I am simply relaying what my indication showed, whether I believe them or not.

Trust me, I am more shocked by it than you. I was expecting the exact opposite. I am looking tonight at last Oct to see if there is any relevance to what happened then to the current situation. The thing that might trip this up for me is that my indications may work better in range bound trading, which we have had as of late. In a massive sell-off or a sustained rally, I don't yet have the back testing in place to know if they work or not.

Again, just passing my information along. In hindsight, I probably would have been better to not post it, but heck, we are all friends here and besides I was so shocked I had to tell someone!

Looks like a down open tomorrow. We shall see in the next couple of days whether or not the stuff I have been smoking has been seriously laced or not! Have a good evening...

-Scott

PS - Care to share your expectations for the next few days with us?



To: Orhan Birol who wrote (45518)6/11/1998 1:54:00 AM
From: Patrick Slevin  Respond to of 58727
 
I somehow missed that post.....but Scott is very enthusiastic.

He has been reading novellas that imply that it's possible to lose money in the stock market!!!!!

Can you imagine??? It flies in the face of every piece of junk mail I have ever read on the subject!!

So you must try to excuse Scott at the moment...he has been swayed with respect to rational thought by aliens from another galaxy, in a similar fashion as have been the Mutual Fund Managers of this country.

SIDEBAR.....I have to stop playing cards on Wednesday nights, I think I'm starting to lose it.