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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (25535)8/28/1998 10:16:00 PM
From: bobby beara  Read Replies (1) of 94695
 
Bill you are STILL using Bull market indicators.

The Times They are A Changin - Bob Dylan

In October the a/d line was mimicking the NYSE.

Now the a/d line is a mile from the NYSE.

TOTAL DIFFERENT CIRCUMSTANCE.

You must realize we are now in a bear market and have taken out uptrend support lines - ALL BULL INDICATORS WILL BE ABSORBED AS WILL ALL BULLS.

PUT/CALL RATIOS AND SENTIMENT - THROW EM OUT THE WINDOW
OVERSOLD READINGS - THROW EM OUT THE WINDOW

YOur buddy Bernie has been saying buy the airlines since DAL was 140 and now it's around 100.

We have just had a narrow breadth panic buying blow-off top not seen since 1929.

The VIX needs to crush the October peak before there is any kind of bottom.

I will repeat a great quote from a meat and potatoes Irishmen.

IF YOUR LONG YOUR WRONG.
BB
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