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

To: HairBall who wrote (23910)8/11/1998 12:14:00 PM
From: P.T.Burnem  Read Replies (1) | Respond to of 94695
 
The next support is 10% off the SP500 all-time high, and we are right at it. If the "normal 10% correction" story does not hold, all bets are off...

Keep in mind that for Clinton a bear market may well spell I-M-P-E-A-C-H-M-E-N-T. Watch for a Fed intervention in the currency and/or futures markets.

PTB



To: HairBall who wrote (23910)8/11/1998 4:42:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
LG; That late rally, don't look like buyers so much as the S/MMs
covering some of the short positions they took out on the open.
I didn't bite, in fact I didn't even nibble.
Jim


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