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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (864)6/13/1997 1:39:00 AM
From: Stratajema   of 94695
 
William. >>All I can say is see my post to Andrew. I have gotten all the people who will listen to me at work out of the markets as of today.<< It's been a long time since I was on this thread and it sure has gotten popular! You are certainly a man of conviction. In the end, like all men who stand adamently by their convictions, you will be treated as a hero or a goat. It's always safer to be a wafler like all the analysts and brokers on Wall Street and you have clearly chosen not to be a wafler.

I was once a bear but no longer. It's very dangerous to stand in front of a speeding locomotive and not only scream "STOP!" but also "REVERSE!". The market is rigged with an upside bias. If the DOW drops then computer selling is halted but if it soars to the moon that's OK. <g> The DOW at 8200 by fall is all but certain with a few retreats along the way with lots of buying on the dips. Didn't we learn when the Dow zoomed to 5,500 that what goes up does not necessarily go down?

I sure hope your friends at work don't resent you for your market call if it is wrong. If you are wrong they will begin hinting you're not a "team player". <vbG>

- David

P.S. Which stocks would you zoom in to buy if they lost 30% of their value tomorrow?
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