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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (8615)	10/9/1998 10:10:00 PM
From: James Strauss	Respond to of 34814

Judy: Yes, I went to cash today... We are heading right into tax selling season which should give us the next leg down in the market... During this period the FED may lower rates again... Also during this period we'll be getting lower earnings reports... There should be a tug of war between the Bulls and the Bears... The overall worldwide deflationary trends will lend its weight to the Bear's side... Mix it all together and we get a continuation of the Bear until Greenspan comes through with a third 1/4 point rate cut near the end of November... That should be enough to give us a bottom in the Dow between 6500 to 7000... Jim