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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (620)	6/13/1998 2:00:00 AM
From: R Stevens	Read Replies (1) \| Respond to of 3339

Bobby turning bullish, now that's a contrary indicator for you. Look at last Friday, it was a much stronger day than today...and the following Mon and Tues were very mediocre in terms of a bullish reaction. Current Thoughts: I think this market still wants to go down before it blasts off again. The farther down it goes the more comfortable everyone feels about the safety of the current long term bull trend. Isn't that strange. One would think that a large correction would make people nervous, but I think in this market a big correction makes people more comfortable and thus bolder on the long side. The reaction today may indicate the restless bullish drive which could eventually catapult us upward from the ultimate near term low. Maybe some shorts covered this afternoon. Nasdaq Advancing Issues:1577 Nasdaq Declining Issues:2767 S&P500 Advancing Issues:1093 S&P500 Declining Issues:1882 From InvestBusDaily: Stock Fund Inflows Drop; More Goes To Bond Funds The Investment Company Institute estimated net inflows to US stock mutual funds fell 23% from April to $20.5 billion in May. (Actual inflows to funds in April were $26.6 billion.) Also, an excellent interview with a market timer, followed by a rating of market timers: Interview: cbs.marketwatch.com Ratings: cbs.marketwatch.com