Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (41683)	7/13/1999 7:23:00 PM
From: donald sew	Read Replies (2) of 94695

Bill, I believe that CRUDE closed above $20 today. From the charts I see a projection of around $25. Regardless, CRUDE is still in an uptrend and is showing no technical signs of topping yet in the low 20's. On the other hand, the INTEREST RATEs may still have more downside in light of it breaking the support at 5.95%, of course with news permitting. The next support for RATES is around 5.75%. However, it appears that the RATEs and STOCKs may be decoupling, and if that continues the focus is on earnings. Unfortunately, so far, some are beating the estimates and they are still selling off some which is hinting that better than expected earnings may already be priced into the stocks. I am sensing that your large selloff is around the corner, probably around mid-AUG. seeya

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