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 (1346)	6/24/1997 5:54:00 PM
From: J.T.	of 94695

Bill, As the saying goes "all good things must come to an end". The market is going to try and test Dow 7800 and S & P 900 level again very shortly. This will be the third test that we try to close above these levels. If we do not (needs to happen shortly), then you have a topping process in the works, and an 8%-15% initial correction around the bend. First support is 7080-7200, second level is 6600, IMHO. If we close above 7800 and 900 respectively, then it is possible to go another 2% - 5% higher (2% IMHO is the #). Any thoughts? JT

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