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

To: PMG who wrote (48945)	10/19/2000 6:34:53 AM
From: William H Huebl	Respond to of 94695

On 2 other occasions, April and May, the SPY broke down BELOW its BB - once by over 10%. We haven't even gotten THROUGH BB yet! Currently, it will take a one-day drop to 110 (1100 on SP-500) to do that. But what is REALLY serious, that figure is changing by about -1 a day or -10 SP500 points. If we do not get the spike down soon, then we will be challenging the 1000 level on SP500... not a pretty sight!!! But be careful! Market actions do not always repeat themselves.