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

To: bobby beara who wrote (33263)	11/7/1998 9:29:00 PM
From: bobby beara	Respond to of 94695

Biotech has a strong RSI during this corrective period and may be a new leader for this coming period. Biotech had higher lows on 10/8 while xci had lower lows - basis 8/31. I believe biotech has a good place in a speculative 5th wave blow-off for aging boomers. Health care stocks have outperformed all other groups year to date. AMGN is breaking out of an ascending triangle that points to 100. I am getting old and I need some new cells so I bought some CEGE recently -gggg- For wavers, on the DOW/spx I believe we had an abc-A into 8/31 a wave B into 9/23, then a non-confirmed wave C into 10/8. A cyclical bear market bottom. Live long and prosper. bb

To: bobby beara who wrote (33263)	11/7/1998 9:48:00 PM
From: Jay8088	Read Replies (3) \| Respond to of 94695

Just as back on Aug 31 it was easy to guess that the market could only go down, now the DJIA has risen 1,400 points in one month, it seems very obvious the market can only melt up. I am not sure when this market would turn (or correct!), but it often does the opposite of our emotional responses.

To: bobby beara who wrote (33263)	11/7/1998 10:25:00 PM
From: Investor2	Read Replies (1) \| Respond to of 94695

Re: "I believe now that we did have the 4/8 year cycle low on 10/8 and even had a 24 year cycle low." Is it really possible that the moderate level of market "pain" from August through October was a 24-year cycle low? It didn't seem like it hurt enough for it to be a major bottom. Best wishes, I2