Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Brad Bolen who wrote (37251)	2/8/1999 9:39:00 PM
From: bobby beara	Read Replies (5) of 94695

Brad, LU has broken out of a picture perfect triangle, with the focal point around the July high. It has lower highs on the 20th and 28th, while the tech indexes were making higher highs. the triangle points to the 200 dma around 85. Disclaimer: I am currently short LU. Several bellwether techs have been downgraded lately IBM, INTC and have gapped down across their uptrendlines on big volume. I don't believe the current correction in the tech sector is done yet. bb

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