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

To: Gersh Avery who wrote (36663)	1/22/1999 11:52:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

Gersh, yes I do candles, but they are only a part of the toolkit. I don't know what you would call the ndx top this week, an evening doji star, hammer, whatever, but i believe the weekly by next weekly will be bearish engulfing. I believe we could take out the October lows but not on this leg down, that will come into the 9 month cycle low in July. The herds expectations for earnings and rates are completely WRONG. The herd thinks oil is going to $5 =gggggggggggg- and all the other economies in the world will stay depressed to give us low commod prices -ggggg- The herd also thinks we shud retain somebody who sticks there finger in your face and tells a bold face lie in the oval office with his finger on a cruise missile button. yuuuuuuuuuuuuuuuuuk! bb I wouldn't recommend shorting internet stocks unless you can time the waves perfectly, and dat ain't easy. short low rsi stocks, unless you want to buy leap putz on amzn MANIA STOCKS ARE ALMOST ALWAYS FOLLOWED BY MULTI YEAR BEAR MARKETS! In 1982 the personal computer mania was in Wang and a few others, Intel, MSFT and the real winners came after the mania. Any long term investor in mania stocks shud look at PRST, MRVC, IOM. thats the long term most likely for amzn, yhoo etc. bb

To: Gersh Avery who wrote (36663)	1/23/1999 5:46:00 PM
From: bobby beara	Respond to of 94695

Gersh, I think you can short NUTZ on a run-up on Monday. AOL has yet to correct and there is no way out for that sucker but to correct that tall thin pole it's standing on. The Hang Seng has a very bearish chart. The run up in October left some very large gaps that will have to be filled. It has a rounded double top formation that has been developing for several months now and the last day of trade it GAPPED across the neckline and closed below it. This is a strong sign of continuation. The projection points to 8500, a run to 8400 would close both those gaps. bb