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


To: yard_man who wrote (2838)7/1/1998 7:32:00 PM
From: bobby beara  Read Replies (2) | Respond to of 5676
 
Lotsa, Lotsa of doubters around tipster! Even more than from the January lows. That means beaucoup money on the sidelines from this BIG oversold condition (worst since July 96) waiting for an all clear signal. I think today was it, and tomorrow will confirm.

The hang seng chart has been following the 29' chart fairly closely and according to that timeline we are due for a 1-2 month rally in Asia (probably a dead cat bounce - but who knows)

We have seen evidence of this already with action in the HSI and N225.

All of these oversold sectors that have tanked big because they depend on Asian economy will zoom. That means semiconductors, gold, Boeing, Alcoa.

THIS is the 5th wave blow-off I've been talking about since late May. Just wish I had my timing better - no g-