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

To: dennis michael patterson who wrote (30063)	10/8/1998 12:23:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Dennis, Has Favors taken the plunge yet on the Big short for short term traders AND Stock & Mutual Fund Switchers? Seems to me he let it slide a week longer than he originally planned. Today's Trin 5 reading slipped back down to 5.30, so that takes us out of the excessive oversold area. We have a takeaway value of 1.62 for tomorrow, so if the trin closes below 1.3 tomorrow, we'll be back under 5, and have plenty of space in the indicator for the next giant wave of selling. I believe the indicator will "hold its gravy" for the next week or so, before reaching 20+ by the end of the month and near the medium term bottom. Regards, David