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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 (73450)	7/7/2006 1:42:07 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

We had a Fib retracement for the DOW and SP, of the May decline, which is between 0.5 and 0.618. NAS did not rally that much, so it's closer to 0.38. I think this is a good point for a reversal, provided that we are in an intermediate term bear move, which, of course, is hard to know for sure! So, if we are, then we could reverse and go lower here. Making a new low for the move would be a good sign for the bears. We'll have to see. Earnings season starts next week. So far earnings have helped the bulls. If there is a slowdown, stocks will react.