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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Bill F. who wrote (28929)	3/29/1999 10:46:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

I don't thnk I could play w/ bubba, I'd be too tempted to tee up his fat head and knock it on the green. I love the man, as you can tell -s-

To: Bill F. who wrote (28929)	3/29/1999 10:50:00 PM
From: John Pitera	Respond to of 86076

More amusing bear statistics...... We have the daily new high-new low data for the New York Stock Exchange going back almost 40 years. In that period of time, the Dow has never gone to a new all time high or even a one year high accompanied by twice as many 52 week lows as 52 week highs. Today that is exactly what occurred. The Dow closed above 10,000 for the first time in history. Unfortunately, for the bulls on Wall Street, it was virtually the only major index that closed at new all time highs. Unless some of the more broadly based indices like the S&P 500 and the New York Composite can quickly confirm those new highs on the Dow, it will be negative sign, another negative sign. Of course, there are now more negative signs based in the market internally that a technician could dreamed might exist years ago. Immagine this, the Dow finally closed above 10,000 while the daily advance-decline line closed at its sixth lowest close of the past two years.

To: Bill F. who wrote (28929)	3/29/1999 10:58:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

No, Luc was golfing down on the river bank trying to putt into old Spam cans. -g-

To: Bill F. who wrote (28929)	3/30/1999 3:51:00 AM
From: Oblomov	Read Replies (1) \| Respond to of 86076

Here are my three indicators of an impending cras... um.. I mean, dip: VIX below 20. See quote.yahoo.com^VIX&d=my before the 1987 crash, and the 1997 and 1998 bear corrections. 30yr yield above 5.75% At current earnings est for 1999, will make S&P 500 40% overvalued, according to the Fed model. OTCM below 7.25 OTCM is an excellent proxy for the underlying strength of the market. See techstocks.com 7.25 is support going back to January 1995, and it was resistance during 1993-1994. If OTCM were to drop below 7.25, it would "undo" the 1995-1999 bull market, at least for the microcap stocks. I assume that not all three will need to become true before the fun begins... 2 out of 3? AA