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

To: Thomas C (Hijacked) who wrote (2972)	7/22/1998 8:01:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 5676

TC, if you draw a trendline from the 7/97 and 10/97 sum peaks we reversed off that trendline yesterday. On the bullish side you can draw a trendline on the rising bottoms on Oscillator since 4/24 and we hit that today. We are in the 5th of 5th wave and reality really diverges here and I would not discount the possibility of a new high, though from all the indicators it looks unlikely. It would have to be on the backs of some major big moves by a few large cappers. Thats why I bought some MSFT calls today -gg- These major kind of divergences set up the crash zone. We are gonna have some big downer days (and upper) in the next several months and lots of volitility, hopefully we can figure how to be on the right side of each move. The HSI is mimicking the 1929 chart and following the two month dead cat bounce before the real drop into the 32 bottom. The recent rally in hong kong has an a/d divergence that mimics the current nasdaq divergence (actually worse). I expect the HK dollar to de-peg and China to devalue, which will send world markets in a tizzy. The Footsy currently has a lot of aspects of the CA chart, actually the Dow does also. We in BIG trouble. We gonna get a big dose of fear soon! They will have to devalue $USD, no choice. In the 30's Smoot-Hawley, in the 90's tariffs are not politically correct, you just devalue your currency. Get some precious metals, the paper fad is going BYE BYE (said in the best John McGlaughlin baritone) We were right a year ago, our timing just really really sucked!, Prechter's timing sucked even worse -ggg- I have some theories on why that is and will post at a later date. bb