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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right? -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (157)	10/15/1998 1:19:00 AM
From: Jay8088	Read Replies (2) \| Respond to of 259

Long awaited crash is at hand??? It has been a frustrating 6 weeks for bears as the market continues to trace out 1-2. 1-2, 1-2 patterns, each second wave almost always taking back the initial downside action. However despite the frustratingly slow subdividing of waves, we are approaching the final moment of truth - like TOMORROW!!! It is the do or die time for bears. The market has to begin its severest crash phase tomorrow or we are wrong to expect 4000 DJIA within this year. I am still betting that the crash wave will begin tomorrow - and it will be a short one and powerful downwave- indeed the crash wave a la 1929 - traversing a couple of thousand points within 5 trading days or so. We will see. I am still holding tight to my out of money puts - even October ones! Let's hear it once more for bears!!!! ......... 4000 or bust!!! Hip, Hip, Hooray!!! Go bears!!!