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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (22184)7/28/1998 6:40:00 AM
From: Vitas  Read Replies (3) of 94695
 
Hi Bill, also from Elliades' March 6, 1998 letter is the following:

"There is another cycle analyst looking for an important turn in July
1998, and that is Martin Armstrong, Chairman of Princeton Economics
International, Princeton, N.J. Armstrong calls July 20, 1998 a 'date
with destiny.' Armstrong has been eerily right about the stock market for many years now. In a report dated August 1997 he wrote:

'There are essentially only two possible paths of action. Either the
market consolidates (corrects) into a 1998 low from which it will still rally until 2003, or it will press higher with the Dow Jones exceeding 10,000 + by July 1998 with a sharp crash at least into 1999
if not 2000.'"

Vitas
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