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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (21237)7/3/1998 8:54:00 AM
From: donald sew  Read Replies (1) of 94695
 
Bill,

Hi again, the market should continue its dipping process it started on Friday.

For the time being still feel that we are in trading range. For those indexes which set high highs the range just shifted upwards somewhat.

If the DOW continues down next week then that would indicate a LOWER HIGH since the DOW did not break 9070 (previous peak) to the upside.

For the time being I see the DOW retracing to 8750, and that would produce a HIGHER LOW.

But I do not see a huge runup for next week. And there are still technical hints of LOWER LOWS, although their probability has been reduced.

Seeya
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