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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (1194)8/25/1998 8:19:00 PM
From: set  Respond to of 3339
 
> Is it tulip time yet?

I think so. even though the last few days have been
up (sort of), the current condition calls for a bounce,
which I think will be the last. IDTC blasted through
all technical and fundamental barriers today, so I'll
be getting those T puts after all.

bad news probably won't break the market. there are too
many bad_news_is_out bottom fishers out there, so it braces
on bad news pretty well. What it needs is a running start.



To: bobby beara who wrote (1194)8/26/1998 8:59:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 3339
 
Good to see you again BB. May be too early for that LCOS breakdown.
I tend to agree with Favors- that we'll see a rally of 40-80% back toward the peak. Past starts of bear markets have shown this tendency to rally back an avg. of 62% of the initial drop before turning south for good. This rally usually peaks about 60 days after the initial peak- which would put the right shoulder around Sept. 15.

I certainly hope for a good rally. Need desperately to rid myself of some dogs. Not too optimistic about small caps showing alot of strength though. Do you think the small caps will show some life before the ultimate drop?

BTW- That A/D line looks, simply, UGLY.

Regards,
TW