Interest rate rise will trigger market crash / correction Message Board

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Strategies & Market Trends : Interest rate rise will trigger market crash / correction

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To: Jason Roone Willet who wrote (30)	4/7/1997 9:45:00 PM
From: Dale Schwartzenhauer	of 52

I think it might be wise to look at the last two day's rally as a bounce within a larger decline. I expect around 720-725 on cash SPX in the next few days. I don't know what fundamentals are going to take it there, but technically it looks like we need one more wave down to complete a 5-wave sequence. The rally to today's high was a 0.381 retracement of the latest decline in the S&P 500. That should mark wave 4 to be followed by wave 5. After that, I think we'll get a 3-wave bounce ending around April 22, to be followed by a May Day massacre and a possible trouncing below 5000 on the Dow. Those with weak stomachs should exit this market on strength. Best to all, Dale.

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