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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: 007 who wrote (6338)	1/4/1999 9:49:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

If you recall, I have said that all these things are required (IMO) for a crash to occur. The big caps must reverse down first. Meanwhile as they begin to selloff.. nobody is concerned because all these cool chart and broder mkt indicators look fine (which is all anyhone follows anymore). Breadth is great, new highs exceed new lows by a large margin, yada yada yada. Then the selloff in the large caps gets worse... suddenly breadth turns sharply negative... then (as even the morons that only buy stocks based on charts realize) everybody suddenly realizes what is happening.... CRASH. Small caps, Large caps, techs all fall together w/ the worst declines being in the large cap and tech fatties. Recall that the small caps have already had their initial crash that began in April and lasted thru Oct... the big caps must play catch up! They will do it much faster! Large caps should see 1995 levels in a matter of weeks whereas it took the small caps months to do so. I find it amazing that everyone thinks that they are going to get the telegraph signal "WARNING: crash is about to occur".... We have had warnings for abouyyt a yr and half now that this mkt is going to break. W/ each selloff being increasingly worse. Each time these warnings are brushed off by the bulls and the bears jump all over them. EUntil the final time.... when the bears don't jump on it and the bulls don't care. Our last warning was this SUMMER. history teaches us that the bubble continues to get bigger as a few stocks get more and more bloated carrying the mkt higher. Each signal is ignored however (just as they were in past mania's) because nobody wants to miss out on the party. then it ENDS. BIG volume today and thus lots of people trapped in positions after the large intraday reversal. One could easily say that the 2ndary top is in for the DOW and maybe the top on the other indexes as well.