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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (29188)9/28/1998 2:17:00 PM
From: Skipperr  Read Replies (1) of 94695
 
Bill-
Regarding your statement that deriving investment levels is too sophisticated for you:
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Skipperr,

I think we will find some resistance at the 1100 level and pull back to the 1050 level in
October when the fear level gets even higher. THEN we will try to break the H&S so
formed and if we do we will go on to new highs.

Remember it is the VGY that is REALLY in a bear mode. SP500 has not broken down
through a weekly semi-log uptrend line yet. Neither has it's 200 day ma turned down.

As far as investment at various levels - that's too sophisticated for me.
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I think that all I've read from you shows that that must be one of the very few areas in which you lack sophistication!(If indeed you do!)

Thanks for all your work - I very much value your independent thought.

Best regards, Skipperr
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