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

To: Jerry Olson who wrote (38467)3/16/1999 12:48:00 AM
From: Yogizuna  Read Replies (1) | Respond to of 94695
 
Juiceman,
The last two times we hit the big "one zero" for the first time in this century (100 and 1,000), the resistance to go much higher was as solid as a rock! Often, history does not repeat exactly but it sure does tend to rhyme. I would be pretty surprised if we can get more than 300 or 400 more Dow points above 10,000 without a serious correction or bear market. Yogi



To: Jerry Olson who wrote (38467)3/16/1999 7:10:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
OJ,

Even the Yardeni (sp?) model is 30% overvalued... the HIGHEST in history. Now as we all know, that doesn't mean we can't go higher... but what it does mean is we are in an unstable place in the market... all it will take is somebody important getting a hangnail...

Bill


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