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


To: GROUND ZERO™ who wrote (33107)11/6/1998 1:04:00 AM
From: Jay8088  Read Replies (1) | Respond to of 94695
 
It is quite possible. We would definitely top 9000. However today's rally was narrowly on DJIA type stocks. Tech blue chips didn't even participate. If this narrow rally continues higher we may see a reversal day sooner than later. Also looking at the dollar chart,

decisionpoint.com

The ascending wedge can break sharply to the downside. When that happens the market could sell off sharply as well. Maybe a needed pullback unless exogenous events flare up. Then it is a C wave!