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

To: Mark Bartlett who wrote (2146)	10/13/1998 10:20:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 3339

MB, you are probably right, one thing that bothered me about the recent OEX put/call ratio was the we made a higher low than the 9/1 bottom. I would think at the price bottom, the put/call ratio would greatly exceed the momentum bottom. Microsoft today, reversed off the bottom support (now resistance) of a triangle that draws it's base from December and the nasdaq is sitting on 1500 support. I saw a complete elliot 5 wave sequence completed on Thursday from the 1066 high and thought that might be a completed sequence and we would reverse from there. However, there is a possiblity that it is just the first leg of a greater 5 wave sequence. The Damocles sequence. bb

To: Mark Bartlett who wrote (2146)	10/14/1998 8:46:00 AM
From: Terry Whitman	Respond to of 3339

Have to agree. Watching Nightly Business report last week (wednesday I think), they had survey results posted. In a polling of individual investors, 60% were not concerned about the recent downturn (obviously they were not invested in small caps or asian stocks). The second question was "Are we in a bear market?" 59% said we were not. 24% said we were. 17% were not sure. When the survey has a majority that think we are in a bear market- then I will think about going long. Too risky in the meantime, unless you're daytrading. TW