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To: MikeM54321 who wrote (5272)7/25/1998 2:25:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 9980
 
Mike, the scenario is intact despite this week 400 Dow points rout, or even more so because of this week rout. We had four consecutive days when the tick reached more than -1000, four consecutive days! this is the action of a bottoming market, not a peaking market, the outflow from mutual funds is an excellent contrarian indicator right now as well. I say next week we rally again.

Zeev



To: MikeM54321 who wrote (5272)7/25/1998 7:05:00 PM
From: Stitch  Respond to of 9980
 
Mike,

Many thanks for the post. There must be someone who regularly follows this closely and knows what to report. I just am not sure where to look for it. His comments about "peak" are interesting as you say.
Best,
Stitch


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