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Strategies & Market Trends : Waiting for the big Kahuna
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To: yard_man who wrote (59553)8/20/2002 11:24:27 AM
From: Death Sphincter  Read Replies (1) of 94695
 
yes indeed. however, that drop in July to near 600 threw a monkey wrench into the 'good look' for that ED, just went too far down. since I am in the camp that believes there is still another leg down looming in the future for the markets, I am leaning towards a different look for the BKX, more like an A-B-C-D-E triangle. with the 98 low as 'A' down, then "B" up to 900s, 'C' down to this July low and now we are in 'D' up...with 'E' down to follow in coming months.
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