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 (50179)	2/15/2001 5:04:23 AM
From: robert b furman	Read Replies (1) of 94695

Good Morning Bill, Every now and then I go back and visit an old friend on TC 2000. It's value was taught to me by you : VGY VGY on a 200 day moving average has crossed over it's 200 daysma settled down to touch it and as if providing solid support is just now beginning to rise off it. Most of my stochastic fast and slow patterns suggest that this recent ride will be short lived and a last fast price dip should be expected. However the power of the recent rally in the semi equip stocks make it look like a high volume break out is just occuring (as of yesterdays announcement by Amat of at least a 2 qtr downturn - go figure) The naz is compressed onto a longterm (starting in 91) trend line that looks like 2000 -2041 would be support.I always think anything that close to a psychological number like 2000 has to violate it just for effect.Any good shakeout worth its salt would do that. But it sure does look powerful in semi land - false start with reality hitting it in the head? or the beginning of bubblemania II son of the Internut Rally??? I can't see where 1800 would come in - except for my fantasy low ball steal some stock dreams.BWDIK Bob

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