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Dear Jer3,
Whether there is a crash or not really matters little for me.What matters most is how to take advantage of the situation.Momentum and volume in the final analysis will resolve the matter and what side you take for the short term.
Long term the most valid Bear/Bull market rules over history for me have been the 3 step and stumble rule dealing with discount rates and the 12 1/2% rise or fall confirmation.
If Barrons has ever precisely called a major turn they would have been smart enough to use it as advertising to sell more subscriptions.They make so many prognostications they are bound to be right sometime.
Just my opinion,
John
------------------ Reply Separator --------------------
Originally From: JER3CUBE@xxxxxxx
Subject: Re: CRASH !!!!! ...?????
Date: 07/25/1998 09:45pm
In a message dated 7/25/98 5:06:55 AM Eastern Daylight Time,
derivatives@xxxxxxxxxxx writes:
<< The crux of the matter is, Can a crash occur if everybody knows
about it ??? >>
IT OCCURS PRECISELY BECAUSE EVERYONE KNOWS ABOUT IT.
At Major Turning points the Majority are right. See Barron's
Alan Ableson's column quoting Bob Fardel, Technical Analyst for
Merrill Lynch identifying the narrowing breadth of the market as a
sign that a decline is close at hand, citing two prior circumstances
this decade. If you can access AOL, Decision Point or Technical
Advisors Corner...(keyword DP or TAC)...see message boards for
more detailed comments under Fearless Forecasts.
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