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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 (13272)	1/17/1998 4:30:00 PM
From: epicure	Read Replies (1) \| Respond to of 94695

Hi Bill, My charts are very confused but the dow looks weak, the S&P stronger and the Naz looks like it may go up for a day or two. Not that I try to forecast markets, only individual stocks. But what about that abillity of the 50 dma to repell the dow? I thought the last 25 minutes on Friday were very interesting.

To: William H Huebl who wrote (13272)	1/17/1998 4:36:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Bill, I take it you are using a daily??You mentioned 4/8/97...Well it doesn't look as oversold here as then and we didn't have all the negative international events either. This is another dumb one..but were you looking at the reverse h&s and the vgy is about to break the necklline?Then that would put on pressure downwards? Or am I missing the read on the chart?I have stated my concerns too about the A/D as well as daily highs and lows.These choppy charts are getting harder for me to interpret...But I would like to see another run up before I commit to any puts.IMHO,investor complacency is even stronger today than "buy the dip" attitude.That's pretty scary to me! More insight please! Regards, Barbara