Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (33293)	11/8/1998 2:39:00 PM
From: bobby beara	Read Replies (1) of 94695

Haim, I believe that the baby boomer generation has scewed historical means and bears that justify buying or shorting on f/a will be disapointed. I agree we are in a tulip mania, but that won't stop the charge just because you, me or anyone else thinks it should. The market is always right That's why when you see an incredible bullish divergence at a panic bottom, you have to trust that the market has made a bottom and not listen to fundamental analysts. At every significant bottom the news is bad, in 74 it was Nixon resignation and oil embargo, in 82 it was big recession and unemployment, in 90 we were at war, in 98 hedge fund debacles and bread lines in Russia. We have made a bottom that will be support for some time. The only thing standing in the way is Y2k and right now nobody knows the real extent of it's impact. If we break above the blue line on this chart and hold it we may have seen the bottom of the Kondreitieff long wave. pw1.netcom.com bb

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