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

To: Simon who wrote (13662)	1/30/1998 8:55:00 PM
From: bearshark	Read Replies (1) \| Respond to of 94695

Simon: Speaking about bowls! I chart the DJI closing prices. I printed out a chart from 8/6/97 to 1/28/98. The scale is 8300 to 6900 and it is arithmetic. Starting on 8/6/98 to about 10/10/97 we form a nice saucer. After 10/10/97, the DJI begins to drop until finally we get the "big one" on 10/27/97. Then the DJI goes to the December high on about 12/9/97. Then we go into another saucer. Not only another saucer, but nearly the first saucer's twin. We had three legs down between 8/6/97 and about 8/16/97 (from 8259 to about 7700). We had three legs down from 12/9/97 to about 12/24/97 (from about 8150 to about 7675). You can go on for yourself. It is amusing. If we hit about 8100 on about 2/10/98 and then begin a decline, I can assure you I will not have any long positions at the end of February. I will go back to CSCO and check out the saucer. Thanks.