Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (22785)	7/30/1998 11:05:00 PM
From: bobby beara	Read Replies (2) of 94695

David, I hate to disagree with you here, but elliot wave is very subjective and you must use other indicators to confirm. This market sucks big time. The rallies since early April have been fueled by only high flyers, while most of the market has been in a bear market already because of slowing earnings. Yes earnings an valuations do matter over the long term. New eras or new paradigms are stuff that bubbles are made of. In todays rally new lows kicked new highs by a BIG margin, this is a bear market rally, fueled by 20 & 30 something money managers who are to green to know what there gettin into, buyin yhoo and lcos after it broke support - total bafooons in charge of joe six packs money. You better go back to elliot and notice that we closed below the previous wave, 1130 and consider your count. Don't waste your money in this suckers rally bb

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