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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (2192)2/7/1998 8:32:00 AM
From: bobby beara  Respond to of 5676
 
beara game plan b (for bobby and bwdik)

We are not out of the woods yet and are still in wave 4. On the 1929 chart you will notice that the consolidation phase was in the shape of a megaphone. If we follow this pattern, we would have a nice Nagano rally here, convince everyone we are going to Dow 10,000 and then have a sharp correction to 6800 area after the Olympics to bring the bears back to life for the final run to the peak. We have not had a correction of the Oct 27th type without a retest in 40 years according to Tom Mclellend. If this scenario plays out, my pick is July 18th, Dow 9829.

bwdik

Thoughts ARIK?



To: bobby beara who wrote (2192)2/8/1998 4:42:00 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 5676
 
Buffet just announced that he bought 130 million ounces of silver a few months ago. He didn't make the announcement so everyone can buy some for themselves and make money, he needed to create a market of interest so he can unload his inventory at these elevated levels. Be careful.

GZ