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To: Judy who wrote (12691)7/21/1998 6:25:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
notice :

geocities.com

look at the middle of the screen (late april) and see how dow broke the yellow line. after the break of yellow line, notice how it made another TOUCH of the yellow line from the bottom.

im suspecting a simliar situation perhaps. again, traders/investors wont know the rally is over until months/weeks later.

today was the signal imo.



To: Judy who wrote (12691)7/21/1998 10:04:00 PM
From: Investor2  Read Replies (1) | Respond to of 42787
 
Re: The rounding top

I find it interesting that you call the current market a "rounding top." The last several weeks, the market has essentially gone straight up, with the S&P 500 (which represents 70% of the U.S. stock market capitalization) up more than 6% and the NASDAQ up almost 15%. This is one of the nicer moves in quite possibly the greatest bull market of all time.

I could understand it if you called it a blow-off top, but a rounding top? Please explain, I don't think I understand.

Best wishes,

I2