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To: marc ultra who wrote (4902)5/1/1999 7:20:00 PM
From: marc ultra  Read Replies (1) | Respond to of 15132
 
CBOE P/C 10 DMA has now fallen down to 0.51 which is approaching about as low as it goes prior to a correction. This market is getting very dangerous. I'm a little annoyed now that I started nibbling on stocks and ate up some of my big cash position. For those unfamiliar note purple line in graphs below

decisionpoint.com

Marc



To: marc ultra who wrote (4902)5/2/1999 6:54:00 AM
From: Justa Werkenstiff  Respond to of 15132
 
Marc: Excellent summary. I think we have to be on long bond watch here on the thread. I believe that could be the ignition factor to any correction. The long bond may be doing Greenspan's fed. tightening rap for him.

The capex sector is problematic for purchase in this environment. Fundamentals are improving in this sector and these stocks have had a significant correction already but at the same time overall market conditions are deteriorating. The dilemma there is quite apparent. Caution must be exercised.



To: marc ultra who wrote (4902)5/3/1999 9:33:00 AM
From: Wren  Respond to of 15132
 
Princeton Economics (a global economic forecasting firm) believes that if the market continues upward after April, it will result in a major correction. They too are hoping for a normal correction in May.

pei-asia.com