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

To: GROUND ZERO™ who wrote (11643)	12/15/1997 12:39:00 PM
From: bearshark	Read Replies (2) \| Respond to of 94695

Hi GZ: I have time for one note. I use the closing numbers in my calculations. Do you know what the low close was in October. I think it was about 1540 or so. I did not have the actual closes. NASDAQ's downloads were only to 9/30/97. At any rate, today should confirm my bear market for the NASDAQ. I worked out my projections for a bear market in the NASDAQ and, if I remember correctly, it came out somewhere with a low from 800 to 1200. I will check it tonight if I can. The action on the NASDAQ today is sickening. Again it could not hold its early rally. Eventually it will have a bear market rally. When you think of it, the S&P and DJI rally looks pretty humble at this point. But what do I know. Someone else developed the basic methodology I use, so I can always blame him.