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To: Moonray who wrote (17492)	3/22/1999 11:06:00 PM
From: Duane L. Olson	Respond to of 25814

O~~~o.. What perplexes me somewhat, though, Moonray, is the great number of sources urging caution... that isn't typical of a pending pullback, in my recollection. In 87, most folks thought things were just wonderful, as we got ready for Dow down 500+. Similarly, in late 72, most sources were ready for more "nifty fifty" upside, just before the biggest decline since the "correction" post-'29. Even that bothersome A-D divergence isn't necessarily as negative as it might look. Like the 94-95 market, perhaps the fact that the market can continue up, despite a falling A-D, will turn out to be quite bullish. But I really want to see someting of a correction, if nothing more than to clear the air, so we can get on with the bull trend.. And I remain cautious.. tso