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Strategies & Market Trends : Tom Demark Indicators

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To: Joel Brussell who wrote (97)	4/23/1997 9:28:00 PM
From: PETER COSTES	of 110

Joel: Most of my trendlines were destroyed by this recent rally. However Coke is down 1.75 and Procter & Gamble is down over 3$. John Murphy explained on CNBC that Coke may have trouble breaking through the 62$ area. Also the Dow may stall at the 6850 area says Jonh Murphy. Now looking at TD waves, I believe the next wave is a big wave down. When inflation picks up interest rates rise and gold prices go up. Newmont could prove to be a good bet in the next few weeks. I will download this one tonight. Go short!!

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