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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (2759)	6/12/1998 10:59:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 5676

Vi, that chart looks striking similar to the Aug thru January chart and lots of people thought that the run from April to August 97 was a blow-off. Check the beginnings of this thread on July 31st. If you want to see a blow-off pull up the Amazon chart. We might get something like this in the SPX, believe it or not. Amazon blew-off out of a rounded top. We are heavily oversold (historical basis on McCllelan Oscillator) and there is a tremendous short overhead (highest in history). With all the liquidity available from the selling over the last few months and inflows, we may see THEE mother of all short-covering rallies. bwdik, bb

To: Real Man who wrote (2759)	6/13/1998 12:22:00 AM
From: Hawkmoon	Respond to of 5676

iqc.com The weekly chart looks interesting from a Bollinger Band "pinch" perspective. Should it constrict even more we may see a major move in either direction. I would suggest, given expected earnings news, a downside bias. I will be watching the Nikkei very closely on Sunday night-Monday morning. There is a great deal of uncertainty out there as we all know. Japan could literally blow up on all of us and if it heads below 14,000 major support, we could see a meltdown. Regards, Ron