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Strategies & Market Trends : Waiting for the big Kahuna
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To: donald sew who wrote (29498)9/30/1998 1:48:00 PM
From: GROUND ZERO™  Read Replies (1) of 94695
 
donald,

I agree with your scenario and analysis. Agreed
that 7400 is the key, and I suspect that it will hold. On the upside, I see 8500 as initial resistance to 8800 range as congestion, (the earlier trading range before it broke down) although a break of 7400 or 8800 will signal a continuation in that direction.

So far, my money is on the upside and I'll be adding to my basket if we even get near 7400.

Scary, but I too expect a big rally sometime in the last quarter. BTW, I think we could test the old highs and exceed then in 1999, BWDIK.

GZ
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