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Ah, but have you forgotten that we need to suck in all those billions
sitting in money market funds waiting for a "buying opportunity". The
talking heads will be out in full force tomorrow telling everyone to get in
before it's too late. I'm still holding my first overnight for first time in
months from 1008 looking for 1080. Maybe I'll hear that giant sucking from
the money market funds and hold for 1120-1140. The Chairman has diarrhea and
I'm not going to wait around long enough for it to get to my mountain top.
As far as I'm concerned, it's a bear market until my weekly work says
otherwise.
Earl
-----Original Message-----
From: Ron Augustine <RonAug@xxxxxxxxxxxxx>
To: robertwc@xxxxxxxxxxxxxxxxxx <robertwc@xxxxxxxxxxxxxxxxxx>;
omega-list@xxxxxxxxxxxxxx <omega-list@xxxxxxxxxxxxxx>
Date: Thursday, October 15, 1998 7:02 PM
Subject: Re: IT'S A BEAR MARKET
>
>I wouldn't count the chickens before they're hatched-- Certainly not on the
>basis of the last 45 minutes of the Market today.
>
>The following will most likely raise the spectre of uncertainty-- which
>traditionally the Market hates.
>
>1. Greenspan drops both funds and discount rate outside of normal FOMC
>meetings -- and only days after most recent adjustment-- unprecedented!
>What does he know that others don't and what is he concerned about? Has he
>become a "Market Timer" and will he be more successful at it that most?
>
>2. Volume on the pop from the past few days was the weakest in recent
>rallies -- technically bearish?
>
>3. OEX below and testing resistance at it's 200 day MovAvg -- SPX and
DOW-30
>fast approaching -- will they push through or is this the last chance to
>dance out the exit before it's too crowded to get out?
>
>Comments???
>______________________________________
>
>At 07:29 PM 10/15/98 -0500, you wrote:
>>
>>LOL...........no mercy!!!!!!!
>>Robert
>>
>>
>>, Mark Brown wrote:
>>>Please revise the numbers now Omega Spam thats 1075.00 on the SP
>>>
>>>you short from 979 < the BEAR
>>>
>>>me long from 979 < the BULL
>>>
>
>
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