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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (16479)10/7/1998 11:44:00 PM
From: Electric  Read Replies (2) | Respond to of 42787
 
dennis,

I dont think so. The DOW has been held up by a few stocks, and by help from some in the industry. I dont feel the support is legitimate, look at the S&P, it has been down with the NAZ while the DOW is being bouyed (IMO).

Also the final important thing to view is what is going to take the market higher? Until that is resolved, P/E ratios are too high, and the world economies arent going to repair in a quarter, or two. And until technicals improve I say traders nd investors will keep selling into strength. The last few days have proven that to me. 2 days in a row started up, and it then sold off, and the NAZ tanked, and the S&P hasnt recovered either.

Futures have reversed about 9 points, but who the hell knows? Until I see somthing that can move this over-valued market I think we will stay right where we are.

Didnt Jerry F say down into expiry?

Watching DELL and MSFT and CSCO get kicked has been extremely interesting and scary.

Let me know what JF says..

later.



To: dennis michael patterson who wrote (16479)10/8/1998 7:57:00 AM
From: SBerglowe  Read Replies (2) | Respond to of 42787
 
dennis, What happens to the Bradley model longer term? Since he made all these predictions sometime in the 1950's, I am wondering if everything ended at the end of 1998 or how far beyond the model forecasts. I looked for the book, but couldn't find it (although I did find another Donald Bradley book, but not the one related to stock market cycles.). I know there is supposed to be a tradeable rally sometime in November, but beyond that I am in mystery.