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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joseph G. who wrote (26613)9/5/1998 7:33:00 PM
From: bobby beara  Read Replies (3) of 94695
 
Monthly Sell Signal? Big Kahuna Alert?

decisionpoint.com

If you draw a SPX trendline off the October 94 high to the 7/20/98 peak and copy that to the low spot on the trendline 4/97, we have breached that trendline, retraced back this week and fallen off it.

GE has breached it's 4/97 / 10/97 trendline and last week came back up and finished on it.

I'd say the charts are telling me, earnings warning season will be baaaaaad, Clinton is outta here! Kohl and Yeltsin too!

I saw a guy from the CRB on NBR who showed a composed chart of the CRB and T-bills, with the CRB as a leading indicator of rates by 6-12 months, from this chart he saw a major divergence that projected rates to drop to 2.5%.

Sucker Bulls will be in denial all the way down and think every dip is a buying opp, just like the sucker bears were trying to short the market all the way up. conclusion - we are all just SUCKERS -gggggggggggggggggg-

bb
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