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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: set who wrote (3196)8/17/1998 7:52:00 AM
From: Oracle  Read Replies (2) | Respond to of 5676
 
What you guys thinking the dow/s&p500 will do today ?



To: set who wrote (3196)8/18/1998 1:25:00 AM
From: set  Read Replies (1) | Respond to of 5676
 
by now surely everybody has read this from Princeton:


For now, we remain bearish as we look ahead to the weeks of
August 17th and September 7th/14th as the next key targets
for turning points ahead. The most concerning factor that we
must consider is that there has been no significant rally
whatsoever since the July 20th peak. This warns that despite
the bullish outlooks that prevail, real selling is taking place
and far less bottom picking has emerged. The phrase "buying
opportunity" appear to be falling on closed ears. While at some
point in time there will be a 7-10% recovery from an initial low,
the risk of a second leg down still remains quite high by mid
september.


are they nailing the reversal days or is it, as some suggest
and as they dispute, a self fulfilling event? Either way
whatever they're doing is working.

Shahar