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To: Defrocked who wrote (3173)7/23/1998 6:38:00 PM
From: Joseph G.  Respond to of 86076
 
OK, the next few days' scenario - just to see that we're on the right track:
Generally, next three or four days a "relatively" weak rally, narrow, fails to make new highs at least on some broad indexes;
Then a month long slide, down ~10% on Dow, NDX shows "relative strength";
Sharp but failing rally for a weak to retrace about 1/2 lost in prior month;
Now it's BK time!



To: Defrocked who wrote (3173)7/23/1998 6:40:00 PM
From: Joseph G.  Respond to of 86076
 
<<until substantial institutional buying reappears>>

IMO, that is going to be the important test - if "they" can rally for a week and make new highs.


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