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To: James Strauss who wrote (20475)9/17/1998 2:34:00 PM
From: Roebear  Read Replies (1) | Respond to of 50167
 
James,
A Depressive market anyway<g>. Europe is closing red with some rather hefty drops. I hear the Nikki futures are looking quite sick, would you happen to have an URL for that? It may be that we have a change of the tide with a weakened President, weaker earnings and weaker dollar.
Currently I am in oil stocks and will be going to some gold stocks this afternoon, where I am proficient (like Ike, I play both long and short) and know all the supports and resistance. I really like IQ's market savvy, but this market is bringing out the BEAR in Roebear.



To: James Strauss who wrote (20475)9/23/1998 6:33:00 PM
From: Judy  Read Replies (1) | Respond to of 50167
 
Jim,

The last time we talked you had moved cash into equity funds for this rally. Have you cashed out or are you still in the equity funds?

In previous posts you've mentioned that number of new lows far exceeding the number of new highs as one reason you remain bearish on the market. I've been following the rate of change instead, that is, the rate at which new lows are made is slowing down while the rate at which new highs are made is not. Akin to a second derivative ... an inflection point that the market is setting a local bottom.