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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 (73187)	5/22/2006 8:19:10 AM
From: Real Man	Read Replies (2) \| Respond to of 94695

Wednesday is when our sell expires in time, but it may happen Tuesday, even today, because it also depends on price. So far the buy signal has not been generated If this is a start of something bigger than just a correction, then we should see the markets staying oversold, with small bounces relieving this condition a bit. Once we get a buy, we could see a Fib. retracement of 38%-62%, at least.

To: William H Huebl who wrote (73187)	5/22/2006 8:10:37 PM
From: Real Man	Read Replies (3) \| Respond to of 94695

I think we may have gotten to a buy today or tomorrow, or close to it -g- So far the view is pretty obscure, but if it holds, then we may have a strong summer rally to 1363 on the SP cash or so, starting about now, and lasting about 8.5-9 weeks, i.e., I would expect it to top around late July - early August, if it lasts. We could also go flat for a week, then crash further. That's another option, and it's up to Mr. Market which option it chooses. We'll then have a sell once the lows are violated -g-