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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (22608)	7/29/1998 3:22:00 AM
From: Daniel Ray	Read Replies (2) of 94695

Hi Bill . . . My armor is very thick indeed and has served me well through the years thank you very much! I am a fan of Quantum Reality so I will give you two predictions: scenario one: we take out 1200 on the SPX between now and August 31st. High for the year DJIA = 9811.67 on October 22, followed by slow decline culminating in a major correction day (BK) on January 12 on which day the DJIA will close at 7966.19. From there a rally to 8750 or so, followed by a sell off to 7169 by December 31, 1999. Scenario Two: we do not take out 1200 on the SPX cash before August 31st, 1998. BK to 8100 on September 22, 1998, followed by recovery to 8750 or so by year end. I am sure reality will prove my predictions to have been utterly foolish . . . never claimed to be Nostradamus. Still think the best bet is to sell those straddle spreads hedge all bets. Ever noticed how the home run kings strike out more than the batting average leaders? Anyway, I always liked Quantum Physics more than baseball; and by observing the markets we definitely change them. By the way . . . Wednesday we go up . . . rah rah rah . . . Dow 10,000! <g> Best wishes

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