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Strategies & Market Trends : Waiting for the big Kahuna
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To: Monty Lenard who wrote (29324)9/29/1998 9:48:00 AM
From: Terry Whitman  Read Replies (2) of 94695
 
<Jim told me the head of the SEC was to speak tonite about how safe the market is. >

If this actually happens..... It would have to be the mother of all Contrarian indications. I'll be shorting the market and buying gold.

Market comment: Nasdaq composite and SPX are sitting at the 200 day MA. DJI still below it, though played a little catch up yesterday.
Some scenarios possible:
1) NAZ and SPX go flat while DJI struggles up to the line, then all go south.
2) DJI never makes it back to line, and all go south from here.
3) NAZ and SPX push on through and DJI follows, before all peak just above and then go south.
4) US Markets ignore the rest of the world and climb to new highs with unbelievable valuations, Gore resigns and Greenspan is selected to finish Clinton's term with the help of hedge funds political backing.

I can't decide which one is most likely. :-)

Good Luck,
TW
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