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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?


To: Sparky Beardslee who wrote (3358)7/24/1998 12:09:00 AM
From: Jimbo Cobb  Read Replies (1) | Respond to of 4142
 
Sparky: It's been so long since it happened, you probably forgot, but the market does go down sometimes. I think this pretty much explains what happened today.

Hope you shorted a bunch of big fat overblown pigs yesterday !!!!

Mark.



To: Sparky Beardslee who wrote (3358)7/24/1998 11:56:00 AM
From: Bruce A. Brotnov  Respond to of 4142
 
Sparky, the weight of Boeing on the DOW following the impetus from Greenspan's annual market scare (he doesn't like market making new highs apparently) and we are in a correction. Henry is negative since it broke 9100 and we are basically in cash. Check my website (members area) and I put up my chart expectation (support levels, etc) for today - just headed their myself as I forgot the numbers. DOW down 50 and Nasdaq 23, which is pretty close to the key closing levels as I recall. Needs to close no lower than these points.
Henry is at TAOTL in Cleveland, but he said if he were putting out a note today he would be telling folks to sell into rallies. You know me, I hold for long term, except for issues which break down in fundamentals.

Bruce