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


To: Thomas C (Hijacked) who wrote (33270)11/8/1998 10:57:00 AM
From: bobby beara  Respond to of 94695
 
TC, I give it 100% chance, the OEX is just spitting distance from new highs. The XCI has already broken to new highs and I believe MSFT is on the verge of breaking out of it's narrow trading range. It has been testing the 105 august support since 10/20 in a narrow trading range on diminishing volume. On 11/3 the volume bottomed and the last few days we have seen the volume increase and on Friday we broke the plane of the trading range. A continued move next week on strong volume would indicate a breakout of the flag from the 7/20 top.

bb