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 (15263)	3/26/1998 7:57:00 AM
From: donald sew	Read Replies (1) of 94695

Bill, I mainly concentrate on the short-term, and most of them are pointing to after the end-of-month & end-of-quarter rally, which should put the interim top around the 2nd week of April. At that time earnings, interest rates, liquidity will determine the further direction of the market. If we continue up after that point, there may be some similarities of this rally to that of 1996 when the top occured in MAY. Also there was alot of money rotating into the small/micro-caps that year, which we are currently get signs of for this rally. Also, if you check the charts on the interest rates it is a very distinct upward trading channel targeting 6.15% around the 2nd week of April. If we pullback again today/tomorrow that would nicely set up the end-of-month rally. The end-of-month rally normally start the last 1-2 days of the month and carries thru to the next 3-5 days of the next month, and normally last 4-6 days. In the last 2 years it did not work only once which was last MAR. Last month it was a day early. Seeya

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