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

To: bobby beara who wrote (30516)	10/6/1998 10:32:00 PM
From: HairBall	Read Replies (2) \| Respond to of 94695

bobby: You know I have been firmly on the side of a down trend since mid July! I have not wavered from my stance. However, since I posted you last, I downloaded my End of Day data for tonight and less time looking for short plays. I am now noting two things that concern me regarding my stance on the downturn: One: The Dow Utilities have not confirmed this down turn. (I know lower interest rates is better for the Utilities than the other Indexes, but this is getting to be quite a divergence.) tonight. I spent a little more time tonight looking at the Indices Two: My Cycle Indicators are registering extreme negative momentum readings on the Dow Transports and Russell 2000. This implies an overdue bottom of some sort. Now I am not calling for a resumption of the bull, maybe just a pause in the bear or a real bear rally! However, I beginning to feel, if a big break to the downside is coming, it needs to do it soon! Say, within the next 10 trading days! Any day now or not....<g> BWDIK Regards, LG EDIT: I am getting ahead of my indicators with this. I always wait for the actual signal before I act! But one after years, gets a feel for what they (the indicators) most likely will do in advance!