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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (5305)5/24/1999 1:59:00 AM
From: Kirk ©  Respond to of 15132
 
Didn't Bob say it looked like "distribution" when we were at DJIA 9200 which turned out to be a trading range until it brokeout and went to new highs? If so, what is different this time?

I think sentiment is about the same but rate of M3 growth is decreasing. Interest rates are higher. These are all going in the wrong direction!

Any other indicators different this time?

Thanks



To: marc ultra who wrote (5305)5/26/1999 2:11:00 PM
From: marc ultra  Read Replies (1) | Respond to of 15132
 
Today's action so far
Rates have moved back up to 5.80 at the moment and we're getting the kind of unimpressive rally with mediocre breadth which makes me wonder if we are seeing more distribution. This is the kind of action I would expect to see if we may be seeing a move back up to a potential final top. I remain with a higher than usual cash position watching developments. I am concerned the June newsletter may bring surprises

Marc


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