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

To: Barbara Barry who wrote (13722)	2/1/1998 7:46:00 AM
From: William H Huebl	Respond to of 94695

BB, Sometimes I like to step back and check the LONG term of the markets and I usually use GE as a surrogate. Using macro rather than micro views, GE should be trading in the low 30s. DOW looks the same way but any break below 7300 will signal a break in the current uptrend that started in late 1994. It should be trading in the mid 5,000s. So that is where we are right now and when the market adjustment back to "normalcy" comes is anyone's guess... but I know this, we are closer to the top than the bottom. Bill