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Strategies & Market Trends : Waiting for the big Kahuna
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To: Barbara Barry who wrote (20079)6/11/1998 2:09:00 PM
From: bobby beara  Read Replies (2) of 94695
 
Hi Barbara, >>>>I sure hope today isn't a repeat of Oct 23!?!<<<

very possible, Hang Seng has broken support, Japan coming out with GDP report today, Yen looks like it will continue to dump, oil broken thru support, gold breaking down.

And if your a fan of the 55 day rule, I consider April 22, the market peak, when both Nasdaq and SPX similtaneously hit highs, June 15th is 55 days.

Also if you look at the charts, they even look very similar, with the dip recently bought and a failed attempt at new highs

bb
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