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

To: William H Huebl who wrote (32099)	10/21/1998 7:51:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Bill, 8800 could as easily have been 8600, I think the near term numbers are irrelevant, just that the trend is higher and I suspect that we'll see new highs before the end of the second quarter in 1999. Acampora said it yesterday, "The bear market is over," and I'm inclined to agree with him. I certainly believe that 7400 was the DOW bottom of this past bear market or correction or whatever suits one's fancy about terminology. This recent explosive move upward was clearly a technical breakout, and any pull back will be shallow and short lived. I don't see anything magical about 8600 or 8800, probably 9000 would have a greater psychological impact on traders and investors. These markets are showing brute strength and the 200 day MA's are expected to slow things down for the moment. Again, if I'm wrong about this, then I swear that someone's using my nick name and posting this, I can prove I'm somewhere else. GZ