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

To: J.T. who wrote (22328)	1/6/1999 12:07:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

>>>James, now what did you do, go e-underground in cahoots with OJ? hehehe.<<< ********************************************************************** JT: Yup... We dug this big tunnel... We come out every now and then to go contrary to prevailing market opinion... : > In a few weeks there will be Bulls coming out of the woodworks... Perhaps then, it will be time to consider the short side... For now, market breadth keeps getting better... quote.yahoo.com Those New Lows below 40 and A/D getting stronger say we still have a way to go to the upside... Jim

To: J.T. who wrote (22328)	1/13/1999 9:30:00 AM
From: J.T.	Read Replies (2) \| Respond to of 50167

I was first to highlight A/D INDEX negative non-confirmation on Jan 5 and why I was not bullish on market beond end of January until and/or unless I saw 21, 000 (2,100 was typo on Jan 5) net new advances confirmed the market was broadening out. In fact, it did just the oppositie. A/D Index went sideways at best while some market indices were running to new target levels. But like a magnet these advances were pulled back to lower support levels and nullified any meaningful higher break. SOX hit my 395 target, but we fell within 2% of 9770 DOW and 1290 SPX. It is doubtful we will see these targets now as the heavy hangover has commenced and pullled rug from underneath nirvana bulls. JT