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Strategies & Market Trends : today's chart -- Ignore unavailable to you. Want to Upgrade?


To: Claud B who wrote (1011)10/1/1998 5:55:00 PM
From: SpecialK  Read Replies (1) | Respond to of 1267
 
Claud,
I've been following your charts every week. I like your commentary too. You were very right on last week's call. If you continue the comparison of 87 and 98, how far in time are we from the point where in 87 the market had bottomed and started higher? Do we have a month or two? or less or more? Just curious. Keep up the good work. Good luck.
Ketan

>>>You said that > The comparison of '87 & '98, if it's to continue, looks to me like
there's a pullback
coming to perhaps the 7600-7700 area.



To: Claud B who wrote (1011)10/4/1998 11:48:00 AM
From: Claud B  Read Replies (3) | Respond to of 1267
 
****UPDATED CHARTS****

All charts have been updated.
I expect Bond yields to continue to decline (currently at 4.84%)
and the dollar to weaken further after a brief rally.
The McClellan Index looks to me to be about to give a buy signal.
Waiting for the 40 day MA to cross the 50 day MA.
The Russell Index is holding support and should begin a major
rally shortly.
Volatility will remain high....but not as high as has been the
case recently.

I think the comparison between '87 and '98 is about to conclude.

Gold looks higher....and the Yen and Crude Oil are consolidating
at these levels.

Good week to all.

Claud

pw1.netcom.com