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Strategies & Market Trends : Waiting for the big Kahuna
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To: Tom M who wrote (18279)5/10/1998 5:54:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
Tom,

Last year after the pseudo-crash, I was expecting a "crash-upwards" and forecast in December a peak of 9,600 for the year and I expected it to occur in April (and here it is May). The basis for the move was the H&S with the crash as the head. It figures to around 9,600 for the standard method of forecasting. So now that we have the pullback to the 9,000+ area we have the potential as it did 2 years ago almost to the day to move up the equivalent of 400 in today's points in just one week.

BWDIK?

Bill
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