Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Pierre J. LeBel who wrote (17804)	5/1/1998 5:25:00 PM
From: Tom M	Read Replies (1) of 94695

Interesting link Pierre but 30-35% sounds a bit excessive don't you think? BTW, how's their track record on that service? Was thinking about the complete lack of consolidation over the last 3 1/2 months and wondering what that would say about where the support levels would be found if we happen to go that way. I guess that link is also assuming the first major support would be the last consolidation which was January on the indexes. Looking at the S&P chart & remembering how it felt back then, it sure looked like we were putting in a triple top and were headed down. Liquidity to the rescue! We used 6 months worth of money in 3 months to pull that off (3 months worth that wasn't put in during most of nov/dec/jan + the feb/march/april inflows sucked in by the updraft). Now what'll they use? I'd love to hear some opinions on the support levels & justifications. thanks in advance, Tom

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