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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (3730)10/27/1998 2:28:00 PM
From: bobby beara  Respond to of 5676
 
Bull Trap -g-

-g- everytime I post a bullish message on this thread the market reverses -g-

Nasdaq bounced hard of the 1769 september high.

Put/call ratios have become bearish.

The breakout of the triangle on Amazon, might indeed have been a bull trap, just as the breakout of MSFT out of it's triangle on Sept 23.

bb



To: Rarebird who wrote (3730)10/27/1998 2:33:00 PM
From: gregor  Respond to of 5676
 
Rarebird:

>>>>Let all these Central banks cut interest rates big time!<<<<

I agree, after the cuts what do they do for an encore. Sure I'm making a ton of money right now but this party is coming to an end, like you I think we will start bumping off some 200 day ma's from positions below the m/a lines: instead of bouncing off from above the m/a's as we have done in this great bull run.

I agree with your position on gold, but what is your position on oil. I see it going to 16 17 by the middle of an exceptionally cold winter and then settling back under 15 by next spring.??? gregor