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


To: Roger A. Babb who wrote (683)6/23/1998 2:11:00 PM
From: bobby beara  Respond to of 3339
 
Roger, each successive peak is reached on narrower focus. If you compare similar 29 and 87 peaks the a/d line started limping 9-15 months ahead of time. Our a/d line only started limping in late March.

This could be a technical breakout. Need to take out 1117.

bb



To: Roger A. Babb who wrote (683)6/23/1998 4:39:00 PM
From: bobby beara  Read Replies (1) | Respond to of 3339
 
Roger, I just saw Stan Harley, top market timer on local biz channel. Sezs a cluster of fibonnaci number days clustered around June 16th (besides the 55 days from April 22 I noted). 144 was one, can't remember the others. Called this a major turning point and noted the very oversold indicators. He's calling for Daq 2000 and SPX 1235 in the next 5 months. (from the look of this leap out of the gate, I think much sooner -g-)

I saw this guy in early January and he was bullish, calling for a big rally, then he was on April 20th and called for a 7-8% correction. Wouldn't bet against this guy.

He sezs this will be a big cap rally and especially likes retail.

With the Nasdaq at 2000, yahoo will have to go to at least 200 -ggg-

bb