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

To: Death Sphincter who wrote (29985)	10/2/1998 8:02:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

Carl, I'm glad you poot your pants on -g- I like your scenario. We did put in a reversal today and the bulls are going to start this correction is over - successful retest - bearish sentiment yadda yadda yadday again. I believe we will make a test of the dow 50dma @8300 and reverse from there - making a coincident peak with the August 97 high and failing the 50 and the bottom of the early August 98 trading range. The SPX I believe will also be contained by the 50 dma creating a really big symetrical triangle. There is formidable resistance in these areas. I also believe that the Cubbies will take two in Chicago. bwdik, I trade fully clothed -g- soothsayer b -gggggggg- 8 year cycles: 66' Post WWII Bull market peak - Vietnam War - Started taking silver out of my quarters -g- 74' Nasty Bear - Presidential Resignation - Oil Embargo 82' Recession Bottom - Highest Unemployment since Great Depression 90' Bear market - Real Estate Bust - Watts Riots II - It's the Economy Stupid. 98' ____________________________________________________________