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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (3127)	9/3/1998 10:43:00 PM
From: Suresh	Read Replies (2) \| Respond to of 44573

Hi Tom, thanks for the response. The internet stocks, IMO, are the bubble of this market and deserve to go down by a good 70% off their highs--if not more. But as we know it is a high risk area -- and if I am wrong, and they start to surge ahead again, I'll cut my losses in a heart-beat. you are being generous ! Some of the secondary stocks including AMZN will probably have more than 70% hair cut. BTW, I understand that Arch Crawford is saying that the 4th is going to be a key day--presumably based on the stars. Did you hear him and if so can you elaborate on what he said--he has made a couple of good calls in the past? Arch Crawford was for the most part on the wrong side this year and I think he reversed from his short term bullish to bearish stance a little late (He turned bullish after being bearish for most of the time). But long term he is looking for 5400 (probably Sep 99 time frame). Sep 4th is supposed to be a key day. I didn't hear or wasn't really paying too much attention to his interview this tuesday since I was busy closing out my short positions or placing stops. Regards, Suresh PS: Glen Nealy... is very bullish on gold. He is bearish on stock and bond.