Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom Trader who wrote (2762)	7/21/1997 3:04:00 PM
From: Arik T.G.	of 94695

Tom, 1. There is no rigid time frame for the market to top. The main hindrance is the market inability to continue in the same pace it had for the last three months. 2. Once the market is out of the channel (INX daily closing terms - top around 955 bottom around 912[!!] and climbing), the same thing that happened in march will happen again, only this time it will not be a correction. 3. Confirmation that the bull is dead will be a new local low (INX closing below 908) and further poking in the dead body will be INX closing below 902, (which was the III of earlier discussions). 4. Ms. Fat aka "the fat lady" has sung. 5. KO is showing weakness for a month now. From what I hear it is common knowledge that it is highly overvalued, but till now it has held its ground. IMO today KO gets KO, not able to hold ground any longer. 6. Enough is enough Arik (Don't) Panic

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