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Strategies & Market Trends : The Stock Market Bubble

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To: J.S. who wrote (704)	7/8/1998 8:56:00 PM
From: bobby beara	Read Replies (1) of 3339

J.S., Amazing huh and Yahoo may not be done yet, they "beat" estimates and announced a split after hours. Check this head & shoulders pattern: iqc.com If the NETS don't crash tommorrow and this head and shoulders pattern fails, you can expect even much crazier prices. The expectations for earnings have been lowered so much during the bearish period during May and early June that this thing may have much further to go. I would think we have at minimum a few weeks of rally left, at maximum a couple of months. The NYSE a/d line not confirming the move since March and the Nasdaq a/d line is much worse, but the 29' & 87 train wrecks were preceded by much longer periods of a/d non-confirmation. bb

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