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Return-path: Jpilleafe@xxxxxxx
From: Jpilleafe@xxxxxxx
Full-name: Jpilleafe
Message-ID: <0.fbc20b78.256a9509@xxxxxxx>
Date: Mon, 22 Nov 1999 07:46:01 EST
Subject: Fwd: Nov 22 1999
To: realtraders@xxxxxxxxxxxx
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Received this from good friend
Pete Bresnahan in Canada, as
usual worthwhile shorter term
analysis. Regards, Jim Pilliod
jpilleafe@xxxxxxx
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From: "Pete Bresnahan" <trinzach@xxxxxxx>
To: <fibocycle@xxxxxxxxx>
Subject: Nov 22 1999
Date: Sun, 21 Nov 1999 18:41:52 -0500
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markets are clearly over bought.....option ratios are extraordinarily
low....too many bulls. Rydex ratios are neutral.
market is prone to a sharp SELL OFF....NT ( Northern Telecom) is
particularly vulnerable.
new highs in the Nasdaq vs.: NYSE looks like "a tale of two cities".
divergences abound.
watch for www.TrendPulse.com to be available in the near future.
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