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To: stock bull who wrote (546)8/31/1998 9:47:00 PM
From: Investor2  Read Replies (1) | Respond to of 15132
 
Re: ". OK, what your forecast for tomorrow and this week?"

I'm getting tired of being too bullish, so let me predict this: The market will continue the plunge of today's last hour, when the DJIA dropped 300 points in an hour. The drop will accelerate over the first 2.5 hours, when it will approach a blowoff bottom about 9.5% lower than the current level. That will be the critical point; if the market holds above a 10% drop, it will turn around and rally sharply from the lows. If it drops that extra little bit, the circuit breakers will be triggered and all hell will break loose upon re-opening of trading.

Hows that for a prediction?

Best wishes,

I2

PS - I'm not going to buy or sell anything tomorrow. I've had my fill of the buying opportunity, but no way will I bet my money on the above scenario.