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

To: Roger A. Babb who wrote (638)	6/15/1998 9:27:00 AM
From: Deeber	Read Replies (1) \| Respond to of 3339

Been thinking of going all cash for a little while now to be safe in this market, may look for a good time to get out of some longs and wait til the market decides on what it wants to do. Deeber

To: Roger A. Babb who wrote (638)	6/15/1998 11:39:00 AM
From: Urlman	Respond to of 3339

I'm not one who usually comments on the market.... But I can say it looks kinda creepy today.... Cheers, Urlman

To: Roger A. Babb who wrote (638)	6/15/1998 3:09:00 PM
From: Les H	Respond to of 3339

The market will probably bottom by July, if not June. The daily Wilder RSI and weekly Wilder RSI are approaching levels associated with past market lows. That's the good news. The bad news is the climax selling at the end tends to shakeout people with a wide swing of 4-7% below the 28-day moving average band. Friday's shakeout only took the averages down to the lower band, not below. The Dow may end up down around 8300-8500. The OTC around 1650. The next problem is that the Weekly Stochastic for the Dow and S&P just got below 80 - the oversold area. The eventual bottom is usually 15-25. It will take several months to reach that level. That indicates that after this upcoming low, the market will probably be in a series of trading ranges as it was last November to January after the October low. The ADR/X and Directional Movement Indicator trend-following indicators will take several months to turn up to indicate an uptrend. Both the Weekly Stochastics and ADR/X - DMI took till early February to give buy signals. The 14-day Stochastic will be useful to trade that period as stocks go back and forth --- the other alternative is to buy stocks that are strongly trended independent of market.

To: Roger A. Babb who wrote (638)	6/15/1998 3:47:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 3339

Looks like your DELL short is doing well. How did you arrive at DELL as a good short? Compared to AOL or AMZN, DELL seems fundamentally superior by a mile. I was looking to short AOL as it was dropping, but it bounced off the 50 day MA like a rubber ball. Do you expect Dell to do the same? The chart, and RS look very similar. And take a look at AMZN chart. Looks like a terminal vertical "bubble" move over the last week. I know it's going to burst, just can't tell how much larger the bubble will get. Any suggestions on figuring that part out?