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

To: Philipp who wrote (26324)9/3/1998 7:23:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Phil,

With VIX spiking to over 50 and using Oct 27th as prototype, why wouldn't a mere attempted retest to the low 7,600s suffice for the next move down? At least for now?

Unless the low is taken out in some big way, I do not expect other than the above attempted retest.

Why do you believe otherwise?

Just curious.

And I DO expect that we may see further downside, but later rather than sooner and more rather than less. (Did I get it right Bill?)

Bill



To: Philipp who wrote (26324)9/3/1998 8:46:00 AM
From: Barbara Barry  Read Replies (2) | Respond to of 94695
 
Phil,
Funny but CNBC just said they "are having severe technical difficuties" WELL SO IS THE MARKET! <ggggggggggggggg>
Gheez! You'r scarier than bb!<VBG>
I have seen that overlay chart of 98 and 29 too many times.IMHO we won't have 1929 but to many it will FEEL like 1929!Your call on the first leg down is pretty severe.We are heading lower but PPT and a some bottom fishers will probably keep some relief rallies going.IMHO.

Regards,
Barbara


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