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Ivan,
After such big moves either way. You have to expect the market to track
sideways and whip everyone to do death for a few months. This is what is
called a triangle in Elliott Wave terms - mass confusion. Stay cool be
relaxed the next true bull market is unlikely to start until mid 1998, it
should last a year or so. Although a false break topside in the S&Ps would
be a great sell!!!
Regards
David Hunt
http://homepages.tig.com.au
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> From: Ivan Boyd <boyd@xxxxxxx>
> To: realtraders@xxxxxxxxxxxxxx
> Subject: Market Direction Opinions Please)
> Date: Friday, 14 November 1997 4:44
>
>
> Alot of folks were predicting a bounce in the market today and although
it
> started off that way it seems to be diving now (DOW from +55 to +26 in
> about 20 minutes) after Greenspans talk. I'm curious what folks out
there
> are predicting for tomorrow, next week and beyond. It's starting to feel
> like the right time to pull my agressive mutual funds to the side and
park
> in mutual funds for the meantime.
>
> What's the thinking out there?
>
> Ivan
>
>
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