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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (44125)	10/20/1999 4:55:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Bill, IBM and AMGN predict problems and lower profits going ahead. Futures are below cash at 1289.25. AS predicted this morning we are reversing. BWDIK Haim

To: William H Huebl who wrote (44125)	10/20/1999 8:44:00 PM
From: wanmore	Read Replies (3) \| Respond to of 94695

I tried to use the trendline I discussed earlier on the QQQ today. It doesn't work. What I did come up with was a line from the Sept 1998 high, which holds support at the lows on May 99, Aug 99, and OCT 99(just 3 days ago). I usually don't depend on a trendline unless it has been hit 3 or more times. I am a bit hesitant to rely on this one too since the last one I had on the QQQ was hit twice in March 99, once in April 99, and three times in May 99. When it closed below that line 2 days in a row I went short.....needless to say we went on to major new highs by July. BTW I just heard on the radio and heard the guy say if the S&P opened right now in the U.S (based on the futures & fair value) it would be down almost 100 points. Can that be?