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

To: robert b furman who wrote (22797)	7/30/1998 11:15:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Robert, If 1190 gives way on the upside on the SPX, then yes, it will spread out magnaminously...(even the dogs will be well fed). However, If we only have a quick run to the 1180 area, then a negative reversal (confirmed by a subsequent break below 1130), then that would mark the end of this 16 year old bull market, and the ensuing selloff would follow through to the downside by 25 to 50% on major indices. I'm a believer in the first scenario, but will cautiously watch for ominous price action after this newborn rally, as we are nearing the final stages of this long term bull market (my guess is we're no more than 2 weeks to 9 months away from seeing the beginning of the most prolific bear market in over 20 years). Regards, David