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To: wizzards wine who wrote (13092)1/27/1999 1:33:00 AM
From: The Perfect Hedge  Read Replies (1) | Respond to of 34808
 
Preston-
Remember when you said you saw that ta model that was uncannily correct and had forecasted a run to 10k this year and then a blowoff(I think it was a blowoff or a correction....I think it was a big one too).Where are we now in relation to what that model forecasted?

Are you long anything?Your post sounds negative and cautious but the p&f'ers still "have the ball" though I know the big move has been made.This is tough money here.

When you say the bubble will pop,do you mean a big correction like down to the 6000 or 5000's?

Thanks Preston......

B*



To: wizzards wine who wrote (13092)1/27/1999 4:21:00 AM
From: Ditchdigger  Respond to of 34808
 
Thanks for your insight Preston,,I'll proceed with caution..:^)DD



To: wizzards wine who wrote (13092)1/27/1999 6:26:00 AM
From: Mr. BSL  Read Replies (1) | Respond to of 34808
 
Good job Preston. With the sentiment so high and the S&P valuation so high, we are due for a correction. I am lined up for a correction but will cover if the S&P500 makes new highs on a closing basis. I know the NYSEBP is still in a column of X's but the OPTI turning down from above 60% can not be ignored.

Good luck. Dick