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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (16956)	3/1/1999 5:44:00 AM
From: donald sew	Read Replies (1) \| Respond to of 44573

Patrick, >>>>> Bummer, I did not get that from my straw poll. Everyone I know is big time Crash City, or at least on Alert. <<<<< Prior to the last runup to 9600 the feeling was more negative, but after this last runup I was very surprised to see that many have turned significantly positive. They are expecting something similar to what happened last JUNE into the JULY 20 highs. Some of them are even saying that the move will be about 500 points in the DOW which was approximately the move from the JUNE LOWS to the JULY HIGHS. As of this weekend these brokers are pushing the HiTECHs hard since they say it is far overdone, and the rebound in the HiTECHs will catipult the whole market upwards. They are also saying that we had a higher high and since the DOW is only at 9300, its a higher low, therefore the huge move to the upside is forthcoming soon. The average investor I speak to are simply saying that we are moving up since the DOW hit 9600 last week. They are not happy that it did pull back some since they expected it to move straight up, but they are still holding onto their position of a strong move up now. The brokers I speak to, about 10 of them, are relatively inexperienced and know very little about technical analysis. Even one of the more experienced trader says that DELL imphatically CAN'T go down any further, and of course he is in DELL. Frankly, I was expecting more to say crash, but I was surprised to see how many are still bullish, or just turned bullish from slightly negative. seeya