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Strategies & Market Trends : Giant LEAPs...

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To: Jerry Miller who wrote (198)	9/15/1997 9:48:00 PM
From: William H Huebl	of 315

Hi Jerry, Last question first... BWDIK = But What Do I Know? You will see many people use that expression on these threads... and for good reason... we may have been around awhile, may have been burned a few more times, but we NEVER take it upon ourselves to mislead people into thinking we KNOW what we are talking about (okay wise guys and girls out there... I AM speaking for myself and not for you). I went back to the drawing boards tonight to see what indicator I could use to try to see what might be in store for us and Jerry, for MSFT and DELL... Using a 144 day projection oscillator with 34 day slowing, I found that most of the indices including NAZ, DJ, VGY and NYSE... the worst is yet to come... we should have a strong downdraft of 5 - 10% MORE on the downside... DOW 7,200 as I forecast several weeks ago looks good at this point. Using the same technique on MSFT and DELL: - MSFT will sell off even more and get down to the 110 level worst case ( 90 if it breaks 105) or 120 best case. - DELL shows a delayed reaction with a worst case sell-off down to 80. Of course all bets are off if the BK comes... BWDIK? Regards, Bill

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