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Non-Tech : Invest / LTD

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To: Challo Jeregy who wrote (1606)	8/6/1998 5:45:00 PM
From: Lucretius	Read Replies (1) of 14427

I think you're right. That post definately fits the NASCRAP today. So I'll post it below...AGAIN. NASCRAP will likely get whacked tomorrow and lose half its gains. But I anticipate a sideways action for a couple weeks before we complete the small right shoulder of a H&S pattern for all the indexes and we make the bomb down to around 7300 on the DOW , 900 on SPX, 1500 on NASCRAP comp, and 950 on the absolutely bloated NDX. : (From yesterday) we are likely to rally (mostly churn and go nowhere but rise a few hundred points or so) for a week or two (maybe 3) in order to set up for the next big slide (I was in fact hoping for some sort of rally today as mkts generally have a failed rally before going off a cliff). About the time CNBC says the turmoil is over and we can now move higher after some large up-day, we reverse and HEAVY selling starts. If history is any judge this rally will look real enough from watching the averages and the A/D line may even improve somewhat but don't be fooled. This rally should be shorted. The bull is dead. -Lucretius

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