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

To: William H Huebl who wrote (30422)	10/6/1998 7:15:00 AM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 94695

Bill, Yes, it is that time of year. I agree that a rally from here makes the floor more solid. I think all this chopping around at these levels is helping to build a strong base for the next rally. This is the level where there was about six months of congestion late last year when forming the inverted H & S. I'm still expecting a sizeable rally and still have my Dec SP's. BTW, I'm still holding my long bond positions but am now getting suspicious of a topping action, nothing definite yet right now, but I am getting a bit dizzy from these heights. GZ

To: William H Huebl who wrote (30422)	10/6/1998 8:07:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Hi Bill Globex up 17.5 (Dow up 140 - using your 8 factor / point). Lets hope GZ's support test theory is on the money.EWrs 3 0f 3 is equally scary in the other way. Vgy is one of two indicators that broke to new lows intraday yesterday.(IBD mutual fund index is the other I saw).INDU COMPX RUT.X INX OEX all above 8/31 - 09/01 lows. P.S. vgy 20 ma moving sideways 50 day only 40 points away.200 day ma like you say still moving down - bear lives with no reasonable buy signal????? Do you have any new indicators this A.M.? :-) Bob