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


To: MythMan who wrote (45147)6/4/1999 6:12:00 PM
From: Lucretius  Respond to of 86076
 
well... FWIW.. we got EXACTLY what I was hoping for:

Message 9964764

decisionpoint.com

every crash ('87 and '29) occured from this setup in the McClellan... doesn't mean it will happen but the conditions are there.

nobody mentioned the dollar getting spanked today even s stocks rose.... that's a bearish divergence... it could drop BIG next mon or tues (EU intervention over the weekend?)

decisionpoint.com

the bond settled near its lows after rallying intially and looks set to gap across 6% on Mon?

decisionpoint.com

bombs away!

decisionpoint.com

the setup is there... the shorts got scared (many covered) bulls got lathered up.. most traders are now long (hwihc is required before a a real crash) MER has lead the way w/ a very similar rally only a few days ago that got everyone very bullish on MER but the rally reversed and the stock cratered and gave back a good portion of its gains today. MER leads the mkt..... let's see what next week brings....



To: MythMan who wrote (45147)6/4/1999 6:34:00 PM
From: Lucretius  Read Replies (2) | Respond to of 86076
 
traders' comms are in...

Gold:

comms long 141,084, short 58,694
specs long 9,625, short 88,396

commericals were also mostly long foreign currencies.