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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (29961)10/2/1998 12:45:00 PM
From: donald sew  Read Replies (2) of 94695
 
ATG,

Good analysis. Per my earlier note, TOM gave me a clue to look at the VIX. The DOW is up 103 and we are already up over 200 points off todays lows.

I am leaning towards your analysis that the reversal downwards could start today. If it does not start today and we close near the todays highs, I think Monday could be the beginning of the downleg.

As I am typing the DOW is already up 125, so we have already rebounded 225 points, which is significant but many may just discount it.

Seeya
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