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At 11:13 AM 1/11/98 , Bill Saxon wrote:
>Would I be risking a history lesson on that Frenchman Marat if
I
>inquired whether Mirat has spoken? :)
>
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Bill -
MIRAT is Long and its author feels that we are not at the Top of this
Bull Market. The following is from his Daily Market Commentary for
Saturday, January 10:
"I do not think that this is the beginning
of a major decline because
the NYSE ADL has held up well as have new highs. On the more
fundamental side, major declines have not started when bonds and
the dollar were strong.
All of the things that have given us clues as to risk levels in the
stock market are strong.
Drawdowns are unpleasant, but, like flying on instruments,
sometimes
you have to trust your indicators and they all look pretty
good."
The entire text is in my web site
at:
http://www.usinternet.com/users/fbg/mbcom.htm.
As for MARAT, JEAN PAUL (1743 - 1793), it seems that his calls for
executions led to his assassination which seeded greater death, the Reign
of Terror. I trust there to be no connection between MARAT and
MIRAT!
-- Frank :-)
High Return on Investment using Technical Analysis
http://www.usinternet.com/users/fbg/
Minnesota Long Distance Canoe Racing
http://www.usinternet.com/users/fbg/mnlong/
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