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

To: bobby beara who wrote (33174)11/6/1998 10:48:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 94695
 
Gentlemen, we may be on the verge of bubble history:
S&P 500 P/E is on the verge of breaking through 30!

At $38.97 earnings, this would require a 1170 SPX value. A couple more good days, and it should be there.

Can you recall the SPX P/E ever being over 30?

TW



To: bobby beara who wrote (33174)11/6/1998 11:24:00 AM
From: Jay8088  Read Replies (1) | Respond to of 94695
 
You mean a double top at 8960. But from yesterday's bottom I read two impulse waves up. I think it is possible we could have another (5th) wave up to pierce 9000 intraday. That could be another potential turning point.


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