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Strategies & Market Trends : Waiting for the big Kahuna
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To: kas1 who wrote (857)6/12/1997 5:56:00 PM
From: William H Huebl   of 94695
 
Hi Andrew,

VGY is the value line geometric index which on 4 previous occasions has reached within 2% of the peak Raff channel line and IMMEDIATELY heralded a strong (5-15%) downdraft in the market. TODAY it hit that point. I expect the DOW to be trading AT LEAST 400 points lower by the end of June and possibly even 1,000 points lower. I also believe it will usher in the first bear market since the early 1980s.

A couple of weeks ago I said this to the INTC people: " time to take some money off the table and SOON ." Within 2 days the stock was trading 15% lower.

So here goes: EVERYBODY: NO MATTER WHAT STOCK YOU ARE IN, IT IS TIME TO TAKE SOME MONEY OFF THE TABLE. NOW. TODAY. AS MUCH AS YOU WANT TO PROTECT AGAINST A STRONGER THAN NORMAL MARKET SELL-OFF. (No guarantees... this is not a recommendation and I do not give investment advice. It is my opinion)

And to my friend Jerry... I told you that you called the top too soon.

Regards,

Bill

PS BWDIK
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