Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeet Shipman who wrote (51433)	4/27/2001 6:59:08 AM
From: William H Huebl	Read Replies (2) of 94695

Here is a PM response to a question posed to me about which way I would pick for the NAZ if I had to pick... As you know, there are 3 ways any market can go... up, down and sideways. I view the 2300 level as resistance this week and next and if we do break out then Katie bar the door. The next week or so promises to be a time of testing... the markets are at a decision point and whichever way it is resolved, that is the way we will go for the next year or so, IMHO. Interestingly, ISSU is forming the same pattern it did going into 1993 and that was pretty much a flat year. These are dangerous times and if I had to make a choice, I would let the trend be my friend and say DOWN! BWDIK?

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