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

To: bobby beara who wrote (21361)	7/7/1998 8:08:00 PM
From: bobby beara	Respond to of 94695

I HATE being a party POOPER! SUMMER rally - BAAAAAAAloooooooooonNEEEEEEEY = MayBEEEE!!!! equis.com I can count a five wave pattern in the DOW down from the 4/22 high. I can count a 3 wave pattern up from the 8570 low. A three wave pattern is a countertrend pattern. Today we reversed OFF the top of that pattern COINCiDENTLY right at the needle nose of the indecision pattern that terminated on 5/26. Now the only QUESTION is the DOW the Tail or the Main Body of the DOG. On an internal basis the SPX is the body, on a COSMETIC basis the DOW is the BODY and the most visual element of the stock market. TODAY could be A BIG POSSIBLE REVERSAL DAY! This market cannot keep up it's irrational exhuberance w/o interNUTS. The Italians and Nosty and my propeller beanie told me SO!