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 (23989)	8/11/1998 9:15:00 PM
From: bobby beara	Read Replies (2) of 94695

Hello David, as always I have to defend the bearish case (well not always, I did scream summer rally in the third week of June to many detractors on this thread -g-) iqc.com Wave 5 began mid day 8/7 and it looks like to me we are completing wave 4 abc with the high today or tomorrow morning. The significant point here is that the October/Jan trendline comes in around 1072 which means a bounce to this area and a failure could mean an extended fifth wave. I would be careful buying dips right here. The trend is your friend and the trend is now down. Oversoldness in a bear market, means much less than overboughtness in a bull market. I think we have a 1 million share + day and an oscillator reading that beats the April low to find a bottom. Speculation like todays geocities IPO needs to be squashed before we hit bottom and some of the smug bulls have to be on camera with sweat beads on their foreheads. B W DO I KNOW your valued comments? bb

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