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To: IceShark who wrote (4452)8/27/1998 11:41:00 AM
From: Joseph G.  Respond to of 86076
 
===OFFICIAL DOW THEORY SELL SIGNAL and START OF BEAR MARKET===

if DJIA closes below 8,400

Canada, Mexico, Brazil are gone - SELL TO WHOM? -g-



To: IceShark who wrote (4452)8/27/1998 12:07:00 PM
From: Thomas M.  Respond to of 86076
 
The overbought/oversold and sentiment readings are sending a strong message right now. However, these clowns don't know how to read them. The fact that we are at oversold levels and not bouncing means we are in a bear market. The reason we knew we were in bull market during the past few years despite the fact that fundamentals peaked in 1995 is that oversold conditions elicited immediate sharp rallies.

Tom

P.S. Bob Farrell is no clown, and he gets it.


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