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


To: bobby beara who wrote (2841)7/8/1998 5:14:00 PM
From: Arik T.G.  Read Replies (3) | Respond to of 5676
 
BB,

> July 27th top in the 9800-10300 area.

Sure builds up in that direction. I give the market 2-3 more weeks.

>I think the internet top will be Monday or Tuesday

But is it The Top, or, as you pointed somewhere else, a wave 3 top?
YHOO .16 , $41MM revs and split announced (the latter of course is the most important). Revs and earnings above expectation, but the split is 2-1 vs. expectation of 3-1 and whisper 4-1 <g?>
YHOO doesn't look like top in place, but AMaZiNg does.

Everything looks like market driving full steam ahead over the cliff.
More inventories buildup, Russia in chaos, dominos falling all over the world, and now the Naz sets new highs. Computer sales down in may but DELL up 3.

Day after Labor Day is my call for The Big One. Top should be in place in weeks.

ATG