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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: set who wrote (821)	7/26/1998 1:53:00 PM
From: epicure	Respond to of 3339

Because nothing goes straight down.

To: set who wrote (821)	7/26/1998 2:58:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 3339

Shahar, if you look at David's spx chart Message 5309797 notice the arrow pointing at the mid-October retrace off the center line of the bollinger band and slightly took out the moving average, before the kaboom. If we do the same thing we should retrace to around 1167 (coincidently a fibonnaci .618 retrace of this range and the resistance on this first major bounce iqc.com I have re-considered my wave count and will count the 1129.11 bottom as the completed 5 wave cycle of wave one and the bounce up and down on Friday afternoon might have been a & b, so c might be a fairly straight shot to 1167 (buy the dip crowd in full force) wantabe timer, bb