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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (42686)8/4/1999 10:23:00 PM
From: Sabrejet  Read Replies (1) of 94695
 
I disagreed on your call Monday but you're right about the trend. Man there are some ugly charts out there! Think back to October when the Fed bailed us out. If not, we would have fell further then. I was at Daytona International Speedway when they cut the rate unexpectedly. Right before I left the house, I cancelled all my orders to short.

This time it's like there is no one in sight to bail anyone out. It's funny how every night there seems to be less and less on the net threads! I mean, I wonder what happened to all those "new" daytraders who quit their other jobs?!

Did Rubin leave at a good time or what!!!

You're correct on the breakdown. Naz should see 2400 and if that doesn't hold, look out. We won't see a reversal until INTC breaks down. Maybe a bounce but not a reversal.

Sabre!
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