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To: A. Geiche who wrote (36297)	1/30/1999 2:20:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

A Geiche, And from a technical analysis textbook here is the definition of a "selling climax": "Frequently, a bear to bull market transition follows what is referred to as a "selling climax". A selling climax usually occurs in the final phases of a bear market but can also occur at the end of a corrective phase. Typically, the stock will have been in a long downtrend. The reversal occurs on very high volume as the stock collapses to downside, reverses and closes up for the day. As with blow off tops, an imbalance occurs as the crowd throws in the towel convinced that the stock is going to zero. Since this usually occurs after a sustained sell off, cash is abundant creating the fuel to launch a new bull phase. A selling climax usually spells the end of a bear phase and the beginning of a sustained up move. " Think we saw any of these today??? Like maybe DO, BHI, RON, and GLM today? Check their patterns and volumes....