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

To: donald sew who wrote (33541)	11/11/1998 10:21:00 PM
From: bobby beara	Respond to of 94695

>>BKX, TRAN, XAL broke their trendline to the downside recently << Ya, Sew I noticed the banks were also taking lumps. Did you notice DAL chart - mirror h&s patterns - the one from July peak worked, the inverse one has failed off the 110 neckline. I believe Delta has less exposure to Asia than AMR or UAL and should be a strong man in the group. Interesting that Junk bonds are being priced for rough seas, while equities are priced for clear sailing. Who's right, the bond traders or the stock traders? bb