To: Berney who wrote (5315 ) 1/30/1999 4:47:00 AM From: MonsieurGonzo Read Replies (1) | Respond to
Berney; RE:" That Was The Week That Was "it's hard to ignore that we had a break-out on both the S&P and the OEX. So, fellow dudes, what do you think ? OEX UpTrend is intact OEX resistance = 635~640 OEX.X near target = ~660 , +3%OEX.X far target = ~690 , +7.8%Bull Market being led by TechSpaetzles + Telco BigBoyz with: emphasis on large-cap stocks; de-emphasis of drugz; and, anxiety about financial stox. XBD Brokers often surge during the latter stages of long UpTrends but, that sector also has "internet" speculators now. Somewhat resembles last June~July, especially if the smaller-caps continue to diverge (lag or, decay) from the major market.decreasing from week 1 to week 3, breaking a three-month mo UpTrend; and mo has now begun to go back up, breaking a three-week DownTrend.liquidity appears to still have a positive flow. Even more important are the apparent, new increases in kapital (equipment) investments - with the exception of energy, metals and agricultural sectors, in which huge world-wide surpluses have yet to be absorbed.had to do this, so nobody knows what they will do.negative YTD, as well as LatAm... but that Asia is holding up well and curiously, Canada appears to be recovering from its severe recession.
