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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Link Lady who wrote (16357)9/7/1998 1:14:00 PM
From: IceShark  Respond to of 18056
 
Do you think we will have a bounce this week? I've got to stop asking that. Wait and see, wait and see:-)

Wendy, if you talking about the US, from the current looks of it, you can replace "bounce" with rocket:

cme.com

Globex S&P, daq, everything is up more than I can ever recall. Then take a look at the rest of the world. Bull trap? Probably.

Regards, IS



To: Link Lady who wrote (16357)9/7/1998 1:55:00 PM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
Chip's Charts Market Internals

coolhistory.com

The summation index shows the US market is very oversold.

The advance-decline lines show no signs of reversal.

Europe and Asia were strong overnight.

IMHO, there is no way of telling what the market will do over the next week ... Just too many variables, including Greenspan's comments, Starr's report, Russia, Fed/Pro manipulation of the overnight S&P futures, etc.

Best to just wait and go with the flow.

John



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