Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (73321)	6/8/2006 9:24:46 PM
From: Real Man	Read Replies (2) of 94695

OK, The system gave a strict sell today, which remains in effect until 1288 is broken. We also got a stop loss buy. So, technically we are on a sell, with a target price around 1223 in 3 weeks, until the down move is broken. Huge volativity on top. The upmove into July, and the associated summer rally have been cancelled, but that may be my interpretation. 25 points is too huge of a break for it not to be. The stop was only marginally violated. I think we remain bearish, and sell the cross back through 1257.

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