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

To: ratan lal who wrote (31777)	10/16/1998 2:41:00 AM
From: Brad Bolen	Read Replies (1) \| Respond to of 94695

Some thoughts: I am not convinced! The bulls want to celebrate a bit early, it looks to me. Not that they are wrong, but I just can't bring myself to make a whole hearted commitment to another bull market just yet. We broke above all three technical points I mentioned earlier, but we need to stay there (above 8250) for three straight days for me to reconsider my bearish sentiment. One down, two to go. --- I am not so cynical about AG. I think he knew he would lower again today, two weeks ago. He knew that 50 basis points would have tanked the markets worse if he did it all at once. Proof? None whatsoever, except that the market has been acting considerably better on its own, and he lowered again anyway? Opinions? --- Bearshark, I think it was you who mentioned the importance of the SOX breaking 230. I agree, and will buy my favorite little chip stock should we get above that. --- Congrats, GZ. Nice call. Good Luck all B.