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

To: GROUND ZERO™ who wrote (27963)	9/15/1998 6:34:00 PM
From: William H Huebl	Respond to of 94695

Gz, Probably after some kind of a reaction after this move up... but we gotta kill the bear which means taking out VGY 200 day ma moving down! Bill

To: GROUND ZERO™ who wrote (27963)	9/16/1998 5:08:00 AM
From: Gary105	Read Replies (2) \| Respond to of 94695

GZ and Bill, do you think the rally has begun or do we go to 200 d MA and pullback? Also what do you think of TA guru's call of pullback to at least 7000 and maybe as far as 6000? taguru.com Right now I'm in a quandary. The fear factor is high (supporting a bounce) as is insider buying and possibility of concerted world effort on financial front. On the other hand earnings will slow, breadth still stinks, and if p/es go much higher we reach crazy valuations again. Also insiders have been buying smaller companies, not the dow and not the nasdaq top ten (unlike '87 when they were buying everything). I also remember Greenspans remarks a month or 2 ago comparing US valuations to Japanese valuations at peak of Japan market and how he keeps his money in treasuries. Thanks, Gary