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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (73207)5/23/2006 9:58:51 AM
From: Real Man  Read Replies (1) of 94695
 
Yes, October may produce a large selloff within a bear market,
as it did in 2000-2002, but it does not mean we can't start
doing a little damage now. The likelihood of a crash is low.
It all depends how far we bounce now. So far I don't see
severe intermediate term technical damage, or an indication of
a reversal for the bullish trend. This may change, if we
violate Monday lows after a bounce. We got oversold, but if
this is a start of a bear market, we should stay oversold.
BWDIK?
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