Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (27627)	9/12/1998 7:52:00 PM
From: donald sew	Read Replies (2) of 94695

Bill, >>>>>> We should have a strong 5% move up this week... even further possible. 1090 max. on SP500. I am going to buy as many calls as I can at the open on Monday. <<<<<<< Right now my system is basicly in limbo since I have a reading of 53 which is smack in the middle, and when its in the middle anything can happen. When I checked the Japan market it formed a double bottom on Friday, so it could pop tomorrow night and could be a strong positive for our markets on Monday. A substantial break of 8100 to the upside would give a valid sign that it could head up more, but it would take a break of 8600 to say that this pullback could be over, subject to further confirmation. In reverse, no break of 8600 and 7400 holding would tell me that we are in an RANGE TRADING TREND, not an uptrend or downtrend. Is your system linear in nature. Just curious. Seeya

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