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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (48324)8/30/2000 7:19:53 PM
From: robert b furman  Read Replies (1) of 94695
 
Hi Bill,

I've been quietly waiting for a failed rally to confirm.

I have a gut feeling that Stains scenario will unfold.I just didn't get the "blood on the streets" feeling at this early summer's low. The weak volume on this last little rally is not a convincing Katy bars the doors we're going up to new highs.

Ithink we have to shake some more.It may well be an uncanny replay of the double bottom that went in during the October 1998 time period.A subtantial cleansing and we could do well in 2001 if oil and interest rates stop going up and float down slightly.

Thanks for the note. I've been off handling some family matters and our busiest month at the dealership has just been put in this August. Not complaining mind you - just busy. It is refreshing to know that friends in SI are able to be more consistent than myself during my lack of focus periods.

I guess you had a great trip this summer.If you ever get in the houston area again, please call my dealership 888/552/5588. I'd like very much to thank you personally for the years of help and shared knowledge.

Bob
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