Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Cynic 2005 who wrote (14236)	2/21/1998 4:01:00 PM
From: P.Prazeres	Read Replies (2) of 94695

Mohan, I can't see how he can raise rates...the next move is down IMO. Also, 7600 is too low...the 200 day MA is 7809.12 and the 50 day MA is 7943. The 50 day MA would provide some pretty good support and the 200 day MA is very difficult to break through...personally I think the market takes a breather for a while - 8300 to 8650 for a while. Paulo

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