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To: Ramsey Su who wrote (2425)3/28/1999 9:02:00 AM
From: John Carragher  Respond to of 17683
 
Time to get Joe back on cnbc......

Most of the big-cap, blue-chip stocks are topping out, thus removing the
last remaining prop under this market. An advance/decline line of the 10
biggest-cap stocks in the S&P showed a peak on Dec. 26 and since then
has formed a deadly looking head-and-shoulders top formation. It just
broke its neckline, breaking five previous bottoms. . . . Take money off the
table. Go into money markets or T-bills."

-- Joseph Granville,

Granville Market Letter,