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

To: Monty Lenard who wrote (23045)	8/2/1998 2:55:00 PM
From: Thomas C (Hijacked)	Read Replies (2) \| Respond to of 94695

Did you guys notice how occasionally an adamant bull comes on this thread and starts making insulting comments to us temporary or permanent bears? Kinda the same way Bob Brinker (radio show host on stocks) has totally made fun of bears and said they should have never been born..Bob Brinker is so complacent now, he is in for a big surprise I think as well as his listeners... tc

To: Monty Lenard who wrote (23045)	8/2/1998 3:03:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Monty, You generally wouldn't see new 52 week lows exceeding new 52 week highs on the ascent to the peak, but once it rolls over, and it (new lows > new highs) happens within 4 trading days of that rollover date, the outcome has always been devastating in the past. In this case, it happened the very next day after the peak, showing just how ready this market was and is to conclude the long term rally. I think SPX 650 is the ultimate target of any real crash, and should hold up for months and maybe years above that level before heading lower if the fundamentals/world situation warrants it. Regards, David