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Strategies & Market Trends : Waiting for the big Kahuna
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To: Gary105 who wrote (48593)10/3/2000 1:48:13 AM
From: Death Sphincter  Read Replies (1) of 94695
 
hi gary
....sorry i took so long
....you know I was looking for the S&P to start to peel back to 1360 area back in August, but it bounced higher than I anticipated back then (was looking for it to reverse back down around 1500, but it continued up to 1535).
That changed my view a bit, while I have contended that 1360 should be in the cards, I can also make a scenario for 1400-1412 as a turn around point.
And,yes, I do STILL think that a rally to 1600+ will ensue and that the NAZ will probably fail to breakout......all this to be followed next year by a bonk right back down to 1300ish minimum. Will be some wild swinging party should this occur, wouldn't it.

Whole thingy is taking its time playing out

Carl
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