Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (37706)	2/26/1999 9:54:00 PM
From: bobby beara	Read Replies (3) of 94695

Bear King, some bear nibblins: iqc.com EBAY is completing five waves up from the 2/10 low to a marginal new high with declining RSI as we reach successive new highs. and look at that distribution pattern, it went up today along with amazon to lure in the last of the suckers -g- of course we have taurus the bear screaming that the market only goes up -g- >>>>>The key item to note is that if the lower of next Monday or Wednesday's NYSE cash lows gives way, an inverted cycle sell signal will be given, and an all out COLLAPSE will follow.<<<<< The 3rd will be 144 fib days from the 9 month cycle low, previous 144 trading days from the cycle low produced the lows of late 8/97 and the lows of early June 98, which both provided support for the run to the final top. It will be interesting to see if this period holds support, if not I believe we will see quick run down to the 200 dma on all indexes. I don't believe there is enough bearishness (thank you Luc -g-) to provide another launch to new highs from here or a double top in the nasdaq.

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