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To: Robert Graham who wrote (14027)8/5/1998 8:34:00 PM
From: TradeOfTheDay  Respond to of 42787
 
Robert ,
Thanks again for your extremely well thought out posts and sharing your experience here. I , too, share your concern for the long term condition of this market - it has sustained far too much damage for anyone to be comforted by this ridiculous rally (?) this afternoon. You bring up so many good points on why caution should reign during this time.
I hope that if anyone doubts the seriousness of this , you will find a chart of an advance/decline line on any of the exchanges. It is the most graphic visual I can point you to ... there is no doubt that this damage is not going to be repaired in a couple of sessions. It is really scarey out there folks !

Bev



To: Robert Graham who wrote (14027)8/5/1998 8:34:00 PM
From: bobby beara  Respond to of 42787
 
BG, I believe tomorrow morning will be the last chance to sell the high flyers @ a good price. My target for the nasdaq is 1628 by next week and I hope the bulls are not complacent at THIS WARNING!! and take profits this time, because this time it is different!

Are the bozo bulls gonna go long in the face of the tried an true DOW THEORY SELL SIGNAL! Only the stupid may apply.

bb