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Strategies & Market Trends : The Millennium Crash

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To: Thomas C (Hijacked) who wrote (3704)	10/23/1998 6:47:00 PM
From: bobby beara	Read Replies (4) of 5676

Yep, TC that is an ABC rally that bumps up against support 8570 and 1174) and fails. For the bull to resume we should rally above the 200dma come back to it and re-establish it as support. If we continue down from here the major support line from April thru August, has now became major resistance and the bear market can continue. The bulls are all talking about a double bottom. You don't here anyone talk about a double top against the 200dma. Even most of the bears have capitulated. Recipe for a BK. Is there a rule it has to happen in October? bb

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