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 (20546)	6/17/1998 9:54:00 PM
From: robert b furman	Read Replies (1) of 94695

Bill thanks for good thought starter.Vgy in july of 96 dropped approx. 16 points below 200 day ma.Similar drop would take current vgy to 445-446 .Could possibly last for three weeks makes sense as preannouncement season has another 17 trade days left July 4th is on saturday ). Both past time periods of weakness coincide with preannouncement season . makes sense that we will be tossed around during current time period also. Also during both time periods tsv (on weekly basis)had to drop down and touch / bounce on neutral line.Current read suggests more down for at least 3 weeks (97- april) or 8 weeks (july 96).My gut says this is closer to 96 and there still is more to come. Thank you for your tempering comments I am never too sure this market has a devine right to go up.I am a believer in our economy doing very well because I think we have a very efficient (in a relative way) industrial market based system. IMHO Bob

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