Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: uclatrader who wrote (58627)	7/13/2002 1:22:27 PM
From: GROUND ZERO™	Read Replies (1) of 94695

The NAZ should probably find support between 800 and 1000, NAZ 500 as a possibility... I believe the reason these markets will move significantly lower is because of all the things you mentioned... also, the selling is global, the dollar is weak, and I believe the Western world is moving closer to an all out war with the Muslim world after the talking is over... the NAZ already dropped the first shoe, the other market indices are about to do the same... yes, all those things you mention are driving these markets lower, but I don't believe they're fully discounted... most bull markets last for 5 to 7 years, this one lasted for 18 years... I would have to think that the bull would have ended in the early 90's if the corporate executives hadn't pumped their companies to increase their own bottom line... none of these excesses are out of the markets yet... in fact, I don't think the selling has even begun in earnest quite yet... I think the DOW could find some support around 7200 to 7500 and work still lower after a bounce off that level, try DOW 4000 as a possibility.....IMHO GZ

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