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Strategies & Market Trends : Waiting for the big Kahuna
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To: Joan Osland Graffius who wrote (7305)10/25/1997 2:16:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
Hi Joan,

Maybe your eyes can't see into the future, but from here it sounds like your mind is making up for it.

I still believe the DOW in the mid-$5000 range is rational... but anything that might spook investors into a selling spree could swing the pendulum DOWN, DOWN, DOWN.

As anecdotal evidence, I use delays in getting calls through to Schwab (it happened several times at the mid-hour on Friday) as an indicator that investor are getting real jumpy.

And that's l like sharing an elevator full of porcupines with hiccups.

Regards,

Bill
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