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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (14010)	8/5/1998 7:36:00 PM
From: Electric	Read Replies (1) \| Respond to of 42787

Not that it is important right now... But the futures are trading up big time right now.... Take a look... quote.com Looks like up 8 right now.. that is a big number folks...

To: Chris who wrote (14010)	8/5/1998 7:48:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 42787

>>>i continue to stress caution and would use this rally (i think it's coming) to sell into the rally.<<< Chris the rally won't come till we get a fear sell-off when all the bulls have capitulated and they haven't yet. Everybody was bearish on 10/28 and 6/15. NOT NOW!!! People are still trying to buy the dips and failing. This is not a new era! the business cycle has not been repealed and stocks do revert to mean valuations on a historical basis! To fall in love with msft, csco or any stock is death to a trader! These are inanimate objects, dell don't send you a birthday card! bb

To: Chris who wrote (14010)	8/5/1998 8:23:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

I second your call on this. I have looked at the EOD on my charts. Does anyone realize that the DJIA was BELOW its 200 day MA be yesterday's close? It has now closed at its 200 day MA not making it above this very important MA? The NASDAQ and S&P 500 both have bounced off of their 200 day MAs without developing into a strong rally. Several key stocks looked to be moving into a buy signal (actually a short covering signal) based on the Stochs which was aborted or postponed at least for another day or two. It is rare to see this type of behavior in a situation like this. If this market does not rally from here and several key stocks make it back above the supports they have broken through, we are in for more down days. This means that it is possible by the end of this week to see S&P 500, NASDAQ, and DJIA below their 200 day MAs, and have this happen after a bounce that failed to follow through. Please take this evening to consider what this would mean. I do wish everyone well here. Please be careful out there. By the way, this is what a woman cop told me recently who was guarding a bank that was just robbed. She was standing in the shade outside of the bank reading a book. Hmm. Bob Graham