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We are near the top. It will take yet a few days for the huge inflow of
401K cash to stock funds to come to a big drop-off. This easy ride everyone
has been having on the coat-tails of this inflow will begin a sell-off.
Look for technical signals to confirm the fundamentals.
-----Original Message-----
From: Norman Phair <ericrogers@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, April 12, 1999 11:24 AM
Subject: top
>IS THIS THE TOP?
>
>With everybody looking for the top I will throw in my 2 cents. the S&P
>futures are above yesterdays high at 1367.50 at 2:20 EDT. the NASD 100
>is not above yesterdays high. A crap shoot trade, sell the futures
>here with a 5 point stop.
>
>Norman E.
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