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

To: shoreco who wrote (68789)	2/25/2004 7:55:48 PM
From: William H Huebl	Respond to of 94695

The nice thing about my system is that you pretty much assured to be on the right side of the market whenever whatever comes... No guarantees, of course!

To: shoreco who wrote (68789)	3/10/2004 10:31:04 PM
From: Skeet Shipman	Respond to of 94695

shoreco, It looks like a head and shoulders to me. Bill has it right this time. This sell off looks scarily like the start of previous sell offs in the bear market 2000 to 2003. Fundamentals are much better now though valuations may have gotten ahead of themselves. The record trade deficit was expected because oil is high. The low inventories are a positive sign of economic growth. This could be just the funds using the opportunity to close out options. Given that I expect we will go only somewhat lower then reverse. We will probably see a volume spike at the reverse. Skeet