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Gentleman,
Here is another piece of the puzzle
from weekly charts of S&P
(10-13-90 low to 6-1-96 hi) X 1.618 = week of 11-27-99
( 7-20-96 low to 11-1-97low) X 2.618= week of 11-27-99
(11-1-97low to 2-13-99 low) X 1.618 = week of 11-27-99
& we are not on the bottom & reputable analyst with bearish views on the
market are removed & shot;
Charles Cloud of Merrill Lynch,
Don Hays of First Union,
Gail Dudack Wall Street ELVE
this is also one of the lowest short interest ratio in this Bull market (no
buying power on declines, all short sellers are dead & buried).
Overlay current bond chart on '87 bond chart You get the the answer
Slawek
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