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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 (66396)	10/2/2003 9:47:11 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Yep, I think it's about to start for real? Let us watch today's highs tomorrow. If we are about to go down, they should not be exceeded - at least, not by much (perhaps, 5-10% of the move up is left, if that). Then, it's either a correction on the way up, or the real thing. I think we'll find out soon! The correction should at least be ABC, so these should be clear. I think if this decline is for real, then we are currently in wave B, which may have ended today. The target for complete A down is 8900 on the DOW. In a bullish scenario, we should correct 50-62% of the move up.

To: William H Huebl who wrote (66396)	10/2/2003 11:16:55 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Buy da dip? -ng- "Thus, our results suggest that easier monetary policy not only allows consumers to enjoy a capital gain in their stock portfolios today, but it also reduces the effective amount of economic and financial risk they must face." federalreserve.gov "Or, choosing magnitudes that might be more helpful to the intuition, we could just as well say that a surprise cut of 25 basis points in the federal funds rate should lead the stock market to rise, on the same day, about 1.25 percentage points--about 120 points on the Dow Jones index at its current value."