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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?

To: BenYeung who wrote (358)	7/24/1998 9:09:00 AM
From: HairBall	Respond to of 492

Ben: I called Richard Ney last week. He was not in, so I spoke with his receptionist, I presume. Reminded her about the thread, however, it has been pretty slow lately. She said that someone had contacted R. Ney previously and he was aware of the thread. He is flattered. I have posted on other threads, expecting this down turn in the market. I do not have time to review all my technicals, but the Dow Composites (often ignored) gave a nasty double top signal and the Transports had a major momentum turn, a few days back. Among many other signals I received from my personal indicators, I also track the moving averages noticed by the general public, both the 50 and 200 day SMA. The 50 day SMA has been penetrated by all Dow Indices and the Transports are knocking on the door of the 200 day SMA. Market is showing its weight! Good trading. Regards, LG

To: BenYeung who wrote (358)	7/25/1998 1:17:00 AM
From: REvaluer@AOL.com	Read Replies (1) \| Respond to of 492

Ben, I wrote to R. Ney telling him that he has done a great public service by trying to educate investors about the games of the elite. I also invited him to post a message on this thread. When he stops his newsletter then many of us will have to spend more time studying the specialists/mms. If seems that many of the specialists/mm's are in a hurry to drop prices. As you have noticed, a number of stocks just lost 5% to more than 20% of their value within one day. The sudden drop reduces public selling at the higher price levels. The dow ended the week slightly up ( about 4 points). If the elite wanted great selling on Monday they should have dropped the dow significantly on Friday. I think that the correction is coming soon. Its possible that there might be a rally on Monday then a continuation of the decline. The media has been trashing the oil service stocks lately. This sector might be ready for a reversal soon. I will be buying stock during the next significant drop. Best Wishes to All