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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (28736)9/24/1998 12:48:00 PM
From: donald sew  Read Replies (1) | Respond to of 94695
 
Tippet,

>>>>>>>> Bears are not out of the woods, yet. Don't get cocky. I do like to see a large bullish faction here, though. It warms my heart while my account is a little thinner. <<<<<<<<<<<<

I totally agree with your comment of "DON'T GET COCKY", but that goes for both the BULLS and the BEARS on this thread, and other threads.

I just feel cockiness brings down the integrity of a thread, and limits the objective thought process. It is fine to disagree, and support ones position, but I am sensing that this thread, which has alot of talent, is turning into a BULL/BEAR conflict.

I may be wrong, but the enthusiasm has increased whether bullish or bearish. There's that old saying - NOT TO TRADE ON EMOTIONS.

sEEYA




To: yard_man who wrote (28736)9/24/1998 1:12:00 PM
From: Terry Whitman  Respond to of 94695
 
<Bears are not out of the woods, yet. Don't get cocky. I do like to see a large bullish faction here, though. It warms my heart while my account is a little thinner.

(Don't call it a hard bounce until we break 1020 again on the S&P.) >

Didn't mean to sound cocky. Just thought the bullishness here was getting a little overwhelming, usually signifying at least a short term turning point. Then I wanted to point out that this turning point is quite logical by the charts (resistance at the 200 day MA). This strong rally also closely mirrors initial bear rallies in past ugly bear markets. (Historically the rally tops out with a regain between 40-80% of the initial drop).

My prediction for the DJI thru end of year:
8300 high
6600 low

This bear is staying PUT.
All opinions are welcome! (except Clinton supporters)
BTW- I'll drink to that too!

TW

BWDIK,