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

To: dave rose who wrote (69257)	4/26/2004 3:11:06 PM
From: William H Huebl	Respond to of 94695

Dave, I am flattered that you asked me for the advice on your portfolio and SDS. You may or may not know I am not a registered investment advisor and so cannot advise you in any way. I can, however, give you my observations: - SDS has formed a 5-6 point head and shoulders pattern over the past 7-8 months and if the 25.5 level (approx) is breached, you are looking at prices under 20 shortly. I am told that this will occur in 95% of the cases.... once the breakdown occurs, if it occurs, so it is a pretty reliable pattern. - However you protect your portfolio is up to you. It would appear, IMHO, that whatever happens may happen shortly. - Consolidations at lows tend to foretell further breakdowns, as I understand it. Good luck and let me know how you do!