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Strategies & Market Trends : Waiting for the big Kahuna
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To: Vitas who wrote (94135)1/31/2014 9:23:34 AM
From: robert b furman  Read Replies (2) of 94695
 
Hi vitas and Bill,

I agree with vitas,

So far this corrective wave has been a pussy cat in points down damage.

The last corrective wave down took 23 days ( 5/22/13 TO 6/24/2014) and dropped 109.06 points (6.53 %) .

So far from the high of 12/31 - today is day 21 and we've only had a drop of 48.24 points on spx.

With just a couple of days left to equal the last corrective wave of the same degree we need down hard.

Looks like buy the dip today or Monday is a viable play - maybe hold your nose when you do it will help.LOL

Bob
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