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

To: bobby beara who wrote (30670)	10/7/1998 7:34:00 PM
From: Brad Bolen	Read Replies (1) \| Respond to of 94695

Hello Big Beara...all, Well, I struck out on my penny prediction on YHOO earnings. But... I still say that tomorrow is the best window for a real washout we have had in a while. Europe will make the decision for me I think...but with dollars repatriating, I can't even be sure about that. If internuts rally well on YHOO earnings, is it a shorting op? What do you good folks say? Any good plays out there? B.

To: bobby beara who wrote (30670)	10/7/1998 7:42:00 PM
From: Brinks	Read Replies (1) \| Respond to of 94695

Is the Dow being manipulated? By whom? Government? The Russell 2000, the Dow Transports, the Value Line Index, the Banking index, the Semiconductor index, the NASDAQ Composite, the NASDAQ advance/decline line and the NYSE advance/decline line all dropped to new bear market lows today. Yes Alice, this feels like a bear market. The Dow dropped by a mere point. The price action the last few days at market closes has appeared very suspicious!!! Say it ain't sooooooo......

To: bobby beara who wrote (30670)	10/7/1998 8:06:00 PM
From: Thomas C (Hijacked)	Read Replies (2) \| Respond to of 94695

bb, I am not so sure about Monday being the BK... If we break support on DJIA tomorrow or Friday (possible gap down before Friday like I predicted in earlier post...? well see) then I think we will be in panic mode. The reason I dont see specifically Monday as a one day BK is because of the way this market is correcting. This correction/possible wave 3 crash coming up should in my opinion be sort of like the 29 decline (simply because this market still mimics almost like a reflection that decline) which means that we will get massive down days say 800 or more points but then an intraday rally to close at the middle or near the top of the bar. Only to be followed the next day by small up day and then the next day being hard down again... If we start panic mode into and after this weekend, I see possibly October 19 as the bottom of Wave 3 down... Tom P.S. Incidentally, this market is really driving me crazy. My emotions are starting to get involved (trader's curse) as yesterday I got all concerned when Globex was up SO BIG...and then today this market was all over the place..