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

To: yard_man who wrote (22437)	7/27/1998 2:22:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

I don't know about the re-bound off last week, but my rear view mirror says I called for this sell off July 16, when all the Bulls were out in force. Now Friday I figured 1120 as the low , or at least support, and until we take that out I'm not going to jump the gun. I'l be direct 6 months from now is a guess, but my guess is we will be up at least 10% from Fridays low by the end of the year. Likely run into resistance at 1180, 1200 , 1220, but we will push through them after several tries..and on to 1240 by years end. That's my conservative guess. And I won't change it if we don't go below 1120. If we do then I'll revise my whole picture..this knee jerk stuff is to common now for me to get bearish, while I don't see 10% up making me some profound bull either. Jim