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

To: paulmcg0 who wrote (14761)	3/7/1998 8:34:00 PM
From: William H Huebl	Read Replies (3) \| Respond to of 94695

Paul, The resilience of this market is incredible. However, once people stop buying, it's a bubble waiting to pop. Last week's mutual fund input was slightly greater than the 4 week average and down from last years figures year on year. And I have been calling for a correction to the 7,900 level for a month now. Here are my best guesses, IMHO: Support level #1: 7,800 Support level #2: 7,100 Support level #3: 5,700 Support level #4: 5,100 Support level #5: 2,700 Resistance level #1: 9,200 Note: others have shown 8,600 to be a formidable resistance area although I have not been able to duplicate that with my charts at this point. Bill