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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Scott Overholser who wrote (2748)	5/24/1999 7:48:00 PM
From: Wren	Respond to of 3339

A friend called today and said that his advisor sent an e-mail telling that all his indicators had turned negative. I don't know the advisors name. Sorry. The Chartist hotline today said that their indicators still showed BUY. However, they bailed out of internet and large cap growth in February and are now in value and small caps. So the BUY means value and small cap. Bob Brinker, radio investment advisor, said Saturday that his timing model was near an "inflection point", presumably meaning a market turndown might be imminent. However, Ralph Acampora, on CNBC this afternoon, said that he believed people were simply rotating from growth to value and small. Who knows???????

To: Scott Overholser who wrote (2748)	5/24/1999 9:21:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 3339

Scott it is a contrary indicator. I used to follow the activity on the bear threads last year for sentiment and you would always find lots of activity at bottoms and sparse activity at tops. This thread and a few other superbear threads have been quite inactive for several months now, that doesn't bode well for the market. 300 points might be the first leg down, several nasdaq stocks i follow have broken support on volume over the last couple of days and they have topping patterns that point to the October lows. If you look at charts of the XAL and the S&P Finance, they both have dramatically fallen out of rising bearish wedges, these were the two sectors that lead the crash last year and I believe they are returning the favor this year. bb