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

To: Death Sphincter who wrote (38081)	3/8/1999 8:29:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

Sphtinky you have no sense of poetry, do you really think this bull market is going to end with anything other than a V point reversal, without every jsixpak throwing in their IRA money lusting for Dow 12,000. The sharks have to keep the market up to lure in all the money going into money funds in the last couple of months and the last minute IRA contributions. Greater Fools Day start thinking about shorting this mad bull. I can't believe Goldman Sachs is talking about a summer IPO, they'll miss the boat AGAIN. they better get off their duffs QUICK -gggggg-

To: Death Sphincter who wrote (38081)	3/8/1999 11:28:00 PM
From: Vitas	Read Replies (4) \| Respond to of 94695

>>>if it does scenario #1 it looks like the 1% might just get back to the zero line again doesn't it? and then whammo<<< getting back to zero would negate the bearish pattern in the 1% ema in 1957, on the last gasp rally, on 7/10/57 it failed at -10.92 in 1973, on the last gasp rally, on 1/3/73 it failed at -3.93 compared with those two situations we are now about twenty trading days beyond where the last gasp rally peaked in '57 and '73. So timewise, we are overdue for the rumble. because of that, we don't necessarily have to get the 1% ema of a-d to head towards zero. With today's negative breadth, the 1% ema ticked down. Any further weakness in the a-d tomorrow would send it lower still and on its way. Any further weakness in the NAZ a-d figures tomorrow will create a peak in the NAZ mcclellan oscillator below a declining trendline from November. Unfortuneately, once it gets rolling it appears it will be a stairstep decline. One sticking point is that somewhere around March 11 bond coupon money gets reinvested. Trin5 at 3.77 on negative breadth. Vitas