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

To: bobby beara who wrote (22460)7/27/1998 6:34:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
BB; RE > If we fail to crash/correct here we go much higher. <<<
now your talking , if they can't take it down you can bet we will
expload up. They got to have that volatility one way or another,
and I don't think they care which. <G> Volume and volatility is
what they feed on, not the price of the stocks.
Jim



To: bobby beara who wrote (22460)7/27/1998 9:19:00 PM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Bobby,

Not only did SP500 bounce off a trendline (well ALMOST) but it also tested the highs of the consolidation period. This could mean we FINALLY get to the 9,600 and above area I had forecast. THEN the BK.

Bill

PS But what concerns me is the VIX range is narrowing and making it well below 20... signs of both concern and caution... the worst week on record this year and VIX never goes above 25. Ain't THAT sumpin.



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