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The market will do what it wants to do.....usually fooling most people (and
traders).
Watch-out for a "sucker" reversal. That occurred last Wednesday I believe.
> -----Original Message-----
> From: Bilo Selhi [mailto:citadel@xxxxxxxxxxxx]
> Sent: Monday, September 18, 2000 4:30 PM
> To: Omega List
> Subject: Are we close to a bottom here or are we melting...
>
>
> euro is at the lows ( so are sterling, mark and frank),
> nik is almost at the low,
> oil is at the high,
> gold is at the low and not popping,
> crb slightly off the high,
> naz is at 50% retracement of after the
> crash run up.
> monthly stoch on naz comp is oversold,
> csco closed holding 60 today,
> dow is at 50% retracement of the crash
> and the recent move.
> sentiment turned bearish.
> trend is clearly down now.
> Cohen came out last week holding the
> market up.
> Accumpora is on tomorrow ( fade that guy ).
> Goldman trying to hold key equities up.
>
> we are obviously at a pivotal point or
> close to it now.
>
> question:
> are we close to a bottom here or are
> we going to correct further down?
>
> bilo.
>
>
>
>
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