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


To: Greg Jung who wrote (33815)11/17/1998 2:15:00 PM
From: Terry Whitman  Read Replies (3) | Respond to of 94695
 
<<Has your bell boy also predicted an interest rate drop?>>

Was listening to the morning show on the radio this morning, and Bob & Tom had Dick Vitale (Basketball Analyst BAY-BEE) on. Out of nowhere, he started to push Disney Stock. (It's a bargain at 29 BAY-BEE!)

This is, I think, the fifth sign of the apocalypse. (the 4th being bell boys making recommendations to the FED).

Still working on the 6th and 7th.

Perusing some index charts today, and found what looks to be a trend beginning 11/4. This could all be wiped out by AG, but here's the poop:

11/4 - DJ Utilities peaked
11/6 - DJ Transports, & Russell 2000 peaked
11/6 - A/D line peaked
11/9 - SPX peaked
11/11 - NASDAQ peaked
11/16 - DJ Industrials peaked?

All peaks are lower than July peaks.
I don't know why everyone's so @*# bullish!

FWIW: Here's an interesting chart i ran across yesterday:
cpcug.org

Now there's two ways for that line to come back to reality. One is a dramatic increase in earnings going forward. The other way is WAY more likely.

Regards,
TW