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We go back to 82 on the Bull market, mainly because we deleted (archived)
all of the stuff before then. :)
Since we're usually short term traders, I'm not sure whether this is the top
or not. I've been expecting a top for a while now but my numbers tell me to
stay long. Currently long since 10/1 and got another confirming buy for
tonight or in the morning, so we're not out yet.
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Fred Bender
> Sent: Wednesday, December 02, 1998 6:48 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Nov 27 double top
>
>
> Guy,
> I guess it depends how you look at it. If we're still in the
> old, secular bull
> market, dating back to 1982 or 1974 depending how you count, we
> just had a
> double-top, accompanied by extreme bullish sentiment, and a
> secular bear market
> is likely to begin. Alternatively, if we just completed a cyclical bear
> market on 10/8 (S&P cash index), the kind that comes along every
> four years,
> then we're now in a new cyclical bull market, with staying power
> of at least
> another two years. Which is it? Who knows? BTW, I sold all my
> mutual funds
> Monday and, hopfully, will be able to get back in lower, once
> sentiment numbers
> get back to friendlier levels. So I'm operating on the
> assumption that a new
> cyclical bull has begun. Time will tell.
> Fred Bender
>
> Guy Tann wrote:
>
> > When looking at the Dow or the S&P, it appears that we made a
> double top on
> > Nov 27 or am I imagining things again (those flashbacks from
> the abuses of
> > the 60s <G>)?
> >
> > Guy
>
>
>
>
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