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Strategies & Market Trends : Waiting for the big Kahuna

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To: Mark Adams who wrote (9283)11/6/1997 9:19:00 PM
From: Defrocked  Read Replies (1) of 94695
 
I agree today's market action was not bullish. Check out the
following on interest rates:

techstocks.com

You'll probably still have some opportunities to get net short,Mark.
This Bull won't give up too easy and Bear markets have plenty
of rallies in them on the way down. I'm looking for 10 to 20%
lower but how, or if, it unfolds remains to be seen. All my
trading instincts will not let me be long here. A ten to 20%
move is not the end of the world but rather good for it. While
it could get worse than, that real economics will still continue.

Now here I am talking as if a downdraft is certain. Always
question your assumptions. However, if the market attempts
a rally on tomorrow's employment number I think I may unload
my remaining shares too.<g>
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