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Harry,
Thanks for your input. I also think that MSFT and IBM earnings could
be crucial either way.
Jim
-----Original Message-----
From: Harry J. Kobetitsch <kobet@xxxxxxxxxxxxx>
To: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
Cc: Harley D Meyer <Harley.D.Meyer-2@xxxxxxxxxx>;
metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Sunday, October 19, 1997 7:01 PM
Subject: Re: Increasing Volume-decreasing prices.
>Jim Greening wrote:
>
>> Does anyone else have opinions on next weeks market action.
>> Exchanging
>> opinions and ideas is always helpful.
>>
>
>Looking at a couple of things that concerns me. First, the NASDAQ
>and Dow are experiencing pullbacks with more than average volume.
>The volume has increased progressively during the past week.
>Second, the cumulative advance/decline indicator on the Dow has been
>dropping also. I am not a forecast guru but I am betting on the overall
>market dropping another 2 - 3 % in the next week. Especially, if IBM
>reports less than expected earnings report tommorrow. I think we have
>seen the market top for this year.
>
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