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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (32476)10/27/1998 7:45:00 AM
From: donald sew  Read Replies (2) of 94695
 
Bill,

Surprisingly, my short-term technicals on the DOW is not at 27 which is only a few points above the oversold region which starts at 20 and lower.

There is a large divergence in my technicals since the NAZ is getting strong overbought readings.

The NAZ can go a little higher but the upside is limited; However the DOW has alot of upside.

Im getting ready to go long on some non-Hitech options. I see maximum upside for the following upswing to be at 8803, but this upswing should not be smooth.

Seeya
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