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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 (73246)	5/27/2006 1:25:01 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

I guess so. The buy signal worked, the target price is 1367 or so by late July (9 weeks from now). But... if we break 1247 on Monday, 1250 on Friday next week, or 1256 Friday in 2 weeks, another leg of the decline could start early -g- Given how much stocks rose in the past few days, I would not expect the market to go down for another month, even if it decides not to follow all the way to the target price. Nevertheless, a sell is a sell, if the above price levels are broken! On the other hand, if the high has been reached this Friday, then the target price would be around 1228 in 4 weeks. So far nothing indicates that this is indeed the case.