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Strategies & Market Trends : Waiting for the big Kahuna
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To: J.T. who wrote (3458)7/30/1997 4:54:00 PM
From: bobby beara   of 94695
 
JT, ya that's why bears hibernate. So sorry, you can make a baffoon out of me sometime. I'm certainly worthy of it. -g-

NOW JT I AM GOING TO REALLY TELL YOU TO GO LONG - FOR REAL! (sorry TT & OJ -g- head for the bomb shelter)

Just saw Sherm McClelland, I really like his logic in using summation index & McClelland oscillator and other indicators. He's calling a bottom for gold & a top for bonds in mid August. He's calling for an accelerated momentum peak into the stock market top, same timing, probably lead by Nasdaq. Because of the high level of summation index he sees dow 7800 as important support line. Would have to have level of summation go down considerably to break that support

{of course I love this scenario because it matches my kahuna contest pick}

Seeing breakout today of naz and s&p futures not behaving to IQBAL's model I'm tending to agree. I thinking about some long index calls on naz or soxx. Will discuss with AQ.

ciao,
Bob
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