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

To: Lucretius who wrote (781)	7/21/1998 9:52:00 PM
From: bobby beara	Respond to of 3339

LT, I am looking at the Elliott basis of this market and looking at the 2x tops and wondering where the strength will come from. I don't know. But I would play this sucker one day at a time. We are so close to a top, long term shorts will work fine. I think the techs could make one last gasp. MSFT and CSCO are big in the SPX and nasdaq and the rally could narrow to just the nifty 10 or 20 going bonkers. I just wonder about paper, and how soon the poo poo will hit the fan and turn paper into pulp, you know waaaaht I mean.

To: Lucretius who wrote (781)	7/21/1998 9:59:00 PM
From: Les H	Respond to of 3339

Amazon has a distance of almost 50 points between the top of its twin peaks and its neckline. That could place a potential target for the stock in the 40's.

To: Lucretius who wrote (781)	7/22/1998 12:28:00 PM
From: R Stevens	Respond to of 3339

LT, This is where you have to really see how much of a contrary person you are to buy some Cisco on a day like this. Cisco hasn't announced yet so I thought there might still be some pre-announcement steam in their jets. Otherwise there isn't much out there I would touch on the long side...except I also like NeoMagic and they don't announce until August also. RS Les, Terry, Thanks for the responses.