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


To: Jim Naysmith who wrote (30978)10/9/1998 6:37:00 AM
From: GROUND ZERO™  Respond to of 94695
 
Jim,

The media will hype anything to sell their wares, just like any other business. The thing is, why buy it?

GZ



To: Jim Naysmith who wrote (30978)10/9/1998 7:29:00 AM
From: Vitas  Respond to of 94695
 
Jim, it may be a contrarian view, but it is not based on being contrary
but on examining stats of what happens when certain conditions are met, in this case the summation getting slammed within a two month period of time, and the % over 200 MA being closer to oversold
than overbought.

Not that we can't get more oversold, and have sloppy action, and get further re-tests or even lower action down the road.

I just don't see the likelihood of a crash from here, right now.

BWDIK
Vitas