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

To: bobby beara who wrote (47783)	6/7/2000 1:50:00 AM
From: yu	Respond to of 94695

b, GZ is already making me dizzy, now you too! ;-) Well, I am not that pessimistic although I do have a small short position and mostly in cash (and gold ;-)). My short position is only for a quick buck. I think NDX could drop to 200 SMA, use that as support and form the right shoulder of a bigger inverse H and S. Head at 2900, left shoulder at ~3250 on 5/10 (also 200 SMA) and right shoulder at ~3400 early next week. Unless that inverse head and shoulder breaks, for example if 200 SMA support failed, I will continue to believe the new bull leg has started and will load it up when I see signs of reverse up. BWDIK... yu