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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (1941)10/4/1998 10:46:00 AM
From: Tommaso  Read Replies (4) | Respond to of 3339
 
"I'm surprised that several bears on this thread seem to have gone bullish"

I was just wondering who these bullish bears were.

In the other direction, I asked a few days ago on another thread if there was an SI thread where nearly everyone was bullish on the general market, because I would like to hang out there and listen to the arguments.

Also in the other direction, it has astonished me how quickly a note of caution or even fear can creep into pronouncements made by formerly confidence-exuding commentators on news/finance TV programs.



To: Moominoid who wrote (1941)10/4/1998 12:14:00 PM
From: Lucretius  Respond to of 3339
 
I agree w/ your scenario.

Take a gander at the following on a closing basis:

JPM
CMB
CCI
GE
MER
G
TRAN

Note that they all closed below their previous closing lows and then rallied on Fri back top to that lown (some didn't even rally back that close). Look familiar to any classic crash charts you've seen before? (G) Note alos that on an hourly basis, the rally's vol in each of these stocks weakened as it rose on Fri... another negative.

these stocks LEAD the mkt. Extrapolate what you will...

-Lucretius