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

To: Gersh Avery who wrote (50044)	1/21/2001 4:08:57 PM
From: Skeet Shipman	Respond to of 94695

Hi Gersh, No argument "the man see's what he wants to see and disregards the rest". The key to using any indicators is assessing the market economic situation and making a calculated guess which ones to follow. The important charting occurrence to me is that we are breaking through the top downtrend channel line indicating it is either up from here or sideways. The Dow has been going sideways since it broke its downtrend channel in late October. I expect the NASDAQ will do the same from a few hundred points higher. Yet, unlike bear market selling of rallies, I believe the way to play this market is with the bull market strategy of buying the pullbacks. DOW siliconinvestor.com NASDAQ siliconinvestor.com Skeet