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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21265)	11/6/1998 4:17:00 PM
From: Thomas Winklhofer	Respond to of 50167

Thanks everybody for posting quote links. I found what I need. > I the story teller keep telling my story, one man who never winked, > I never said to sell I said keep your core don't worry,today I see > this market here I fel just good - good for every one , we all wi > have a nice sleep but what a move and what a coverage from the > accomporas to kurlacks we did them in. they said INTC 45 > I said 95 I got it- welcome to this new move up and any level you > punch from 1320 to 1810- we tried our best to identify it.. Thanks.. Congrats again. Acampora had a bad timing. Telling us to expect new lows when the market is turning. Big laughter. But it's not that easy. A dangerous time of uncertainty is behind of us. I'm a little bit afraid, that AG lowered interest rate again only 2 weeks after the first one. He has been doing that only because there was a REAL BIG danger for a sell off. A sell off would have wiped out lot's of margin accounts. A vicious circle would be the consequence. In a real bear market people would have less money in their pockets. A slow down in consumption follows and earnings would drop dramatically. Acampora would have called it right, when AG wouldn't have reacted!! Let's see, the year is not yet over... IMO we will see ATHs in the next 6 months. But we can't screw down interest rate to zero. Japan is the best example. IMO the stock market will be very dangerous next year. Lately I became a strong believer in the Elliott Wave analysis. I know that you are not working with such stuff. But it gives you an impression where the markets CAN and WILL go. A five wave impulse pattern has been completed (Dow, COMP). I.e. little downside risk currently. COMP should come back to 61.8 retracement level (1766). Thomas