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Strategies & Market Trends : The Stock Market Bubble

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To: Wren who wrote (2434)	12/21/1998 1:46:00 PM
From: Terry Whitman	Read Replies (4) of 3339

NASDAQ THDMAPFP Alert! The Nasdaq Composite has crossed over the dangerline- the THDMAPFP (200 dma plus 15%). Current 200 day MA IS 1812. This makes today's (12/21) high, 2037, nearly 18% over the 200 day MA. My past studies indicate that once the NAZ crosses this line, it will return at least all the way back to the 200 day line. This is often not an immediate happening, as the market momentum often carries the NAZ higher (but never more than 22%). I must deduce then that the upside is limited from here to less than 5%, while the downside has much more potential. Have gone long gold (ABX), as a defensive measure. Will wait for a weakening in speculative issues before going short. TW

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