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

To: Andeveron who wrote (30969)10/9/1998 5:55:00 AM
From: William H Huebl  Respond to of 94695
 
And Anderveron, it wouldn't be the first time...

The way I arrived at my estimate was to take the level of the 200 day ma of the DOW, which last December was around 7,600, and subtract what I felt was the "REAL" value of the DOW or 5,900 and then thinking the pendulum always swings to excess EITHER way, took that difference, oor 1,700 from that 5,900 level to get the 4,200.

That is how I did it... but P might be right.

Bill


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