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

To: robnhood who wrote (18144)	5/7/1998 9:44:00 PM
From: Byram	Respond to of 94695

rr There's alot on cash on the sidelines....the Fed is draining.......I am not surewhere it will go - But although some of us might lose some cash.....for the time being........(notice I didn't say how long).. this IS a correction.....It COULD be longer than the 2-5 day whipsaw - but it is a correction..IMO Get Set for some fun..but go ahead and keep a nest egg under your bed ( I won't laugh..some might.granted we might be wrong) All this data is short term...Next month or so...... Forgive me if I am wrong....:} Byram

To: robnhood who wrote (18144)	5/7/1998 10:00:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 94695

rr, a day early, have to sharpen my chart pencil. I believe tomorrow will be the day. tomorrow is the 203rd day since the internal market peak of July 17, 1997. Vitas shared a neat little item from a McCllelan report about a 200 day cycle for a significant bounce spike from peak in internal momentum that has repeated itself thru many time frames and has landed within a few days either side of 200 days. That spike starts tomorrow IMHO, at 8952 on the Dow -g- I believe this is based on the correct wave count. This is a no fear market. >>>last time SE Asia was doing it's thing everyone was talking BK, now no one is talking it<<< Complete complacency about everything. The selling has been on below average volume, people are more scared to sell, than they are to buy. It was brought up to my attention that SEA scared capitol inflows will probably flow into treasuries - bringing down rates. Boffo, all the geniuses on the street will pound their fists on top of the bears heads, screaming no inflation, markets undervalued, and the short overhead now is at record levels. and Greenspan's endorsed the blow-off by not telegraphing a rate hike. and Clinton has endorsed the bull is good! (for his job security -g-) and a 5 year old stock wiz kid rang the closing bell on the NYSE today -g- KABOOM! It's a run for the roses (ooops tulips -g-) Starts tomorrow at the CNBC screen nearest to you! bwdik bobby b