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

To: gregor who wrote (3256)	8/26/1998 5:49:00 PM
From: bobby beara	Respond to of 5676

Gregor, you could be right on that 300 area. The rut has a nasty looking October-April-July head and shoulders pattern that points to the low 300's - all the way back near the 96 correction lows. We did a little indecision triangle dance around the neckline @405 and now have broken thru it. Even though many small caps are 'bargains' fundamentally it seems investors are running to big cap liquidity and bonds. The bulls need to get the RUT turned around before any bull trend can resume and right now it doesn't look good. Would be nice to get the volume data on the small caps on this recent break of the neckline, to confirm the strength of the break. Are you shorting the small caps? So far it's been the best idea around since mid April. bb PS: I'm watching some hurricane coverage on TV from NC, on an island they named after me - Bald Head Island -gggg- Wish em luck on Bald Head - rubbing mine as we speak for some of the same -ggg-