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

To: bobby beara who wrote (29452)9/29/1998 10:16:00 PM
From: Monty Lenard  Respond to of 94695
 
Damn it did cross the 200 today! Well maybe I can get one more little run so I can sell those funds I bought a week or so ago.

Monty



To: bobby beara who wrote (29452)9/29/1998 10:36:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 94695
 
You have to turn bullish again before we can have a BK, it worked last time. <g>

I noted tonight that we also failed to breach the downward trend line from the July and August highs for the second day in a row. Jerry Favors is saying to be short by Thursday. Post is on the Stock Attack Thread, sorry forgot to copy it first so I could paste. Will go get it on an edit.

Lee

EDIT - exchange2000.com



To: bobby beara who wrote (29452)9/30/1998 1:18:00 AM
From: Moominoid  Read Replies (1) | Respond to of 94695
 
21 day SPX MA started rising for first time since the peak in July and the 13dma is about to cross the 34dma. Often that's a bullish sign I find.

Alternatively this SPX chart looks to me a lot like Chase last Fall in which case this rally fails at this point more or less.

David


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