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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (19953)6/7/1998 3:23:00 PM
From: set  Read Replies (1) of 94695
 
yes - I get 1121 as the apex of the SPX triangle. I have the
impression you're seeing it as a bullish picture. How so?
to me it looks like doomsday, as we are approaching the cradle
from below. on DJX the number is about 92.

AXP is still within its triangle, so the two pictures could
yet be sync. however if interest rates give the 'wrong'
signal by going lower with the market, then it is a day
to dread, as I believe these are the ingredients for
a depression.

on the subject of DJX failing to cross 93ish, what Jerry
Favors had to say was, "I don't even want to think about it."
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