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


To: Gersh Avery who wrote (53516)7/29/2001 11:33:09 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
You must believe in the red fork as I do!

Now whether it remains the best one....



To: Gersh Avery who wrote (53516)7/29/2001 1:41:38 PM
From: blitzfund  Read Replies (1) | Respond to of 94695
 
Hey Gersh, Right back were we started from.

I would like to propose a blue line for your chart, we can call it the blue plate line, to hold the red and black forks. LOL

Let's start the line at the intraday low on the SPX on 4/17/01 (1,168.90) and extend in through the low on 7/14/01 (1,165.54).

I would like to use 4/17/01 as a starting point because as we all know this is the day before the Fed gave a surprise rate cut, and I find it very interesting that we have gone full circle.

I think that if we break this plate the market could cut through both the black and red fork like butter. BWDIK

Blitz

P.S. If we break the blue plate line I would like to introduce my (DEF Theory) again aka Dumb Earnings Forecast Theory. It goes like this. The S&P 500 will then drop to these levels in the coming months.

D.1050
E.950
F.625

Since it is my believe that the entire market is still approximately 50% overvalued. BWDIK again:)



To: Gersh Avery who wrote (53516)7/30/2001 9:21:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Saddam to the rescue...

siliconinvestor.com



To: Gersh Avery who wrote (53516)7/30/2001 11:31:40 PM
From: blitzfund  Read Replies (1) | Respond to of 94695
 
Gersh, almost forgot to mention that I think you have a typo on your web site. (red tine)? But, otherwise I agree that your bottom red line will indeed be the next test.

Blitz

P.S. My last P.S. about the (DEF Theory) was not necessarily commenting on your Web site, I was thinking out loud, so please keep up the good work.