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


To: Arik T.G. who wrote (2921)7/13/1998 9:52:00 AM
From: bobby beara  Respond to of 5676
 
ATG, sentiment indicator Bullish divisor of Rydex funds

Nova & OTC divided by Ursa was at an all time high on Friday.

9 day RSI peaked and dropped last week, lower peak than the April peak, but index higher. Just another divergence.

I think we are within 1-4 weeks of topping. MSFT earnings reaction will be interesting.

EGGS popping this morning, while the other internets and being fried for breakfast. Might have some sunny side down -g-

bb



To: Arik T.G. who wrote (2921)7/13/1998 8:37:00 PM
From: bobby beara  Read Replies (1) | Respond to of 5676
 
iqc.com

ATG,

XCI going parabolic.

I can count 5 waves from December
1 ended 3/20
3 ended 4/23
in 5 now.

I can count 5 waves from June 1st low.

We my be getting close. We are in the process of making 3 lower peaks in the summation index, with three higher highs in the index.

July 97 sum peak
April 98 sum peak
we are in the process now of making the last peak.
decisionpoint.com
I think it will roll over in the next couple of weeks and present a mammoth SELL SIGNAL.

Notice the a/d bumped up against the October High and reversed.

I got out of my eggs puts at the low today with a push and noticed that the internets were holding support and bought AMZN calls which almost doubled in a half an hour - yahoo00. Need to make up for selling Dell, LU, MSFT and MER to soon - RATS.

I think eggs will be a great short candidate if it makes one more blast tommorrow - I'm actually expecting that - looking for 33-5 top.

bwdik,
bb