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Strategies & Market Trends : Waiting for the big Kahuna

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To: blitzfund who wrote (53302)7/22/2001 7:15:11 AM
From: William H Huebl  Read Replies (3) of 94695
 
geocities.com

Ok, let's talk TA... and I use SPY as a compromise between DOW and NAZ... obviously more DOWish than NAZish...

Your point, as I see it, is that we are in a downtrend and the classical symptoms of that downtrend still seem to be in place. I partially agree. Check weekly and monthly patterns - the week past had higher high and higher low... And from a sentiment standpoint, there is too much bullishness which I concede although I do not agree it is at contrarian levels (around 85 before THAT occurs).

Over the 200 year investing experience I have (yes, I am 300 years old), I have found that a "whole-body" approach to TA is important to make sure all the good stuff relates well and makes sense.

A web-page I set up especially for this response shows that whole-body approach and, I hope, answers your questions.

Am I 100% certain we have reversed and are now in a bull market? Go back to the big-boys who with their 100% certains lead half America down the primrose path and devestated retirement funds and so forth if you want 100%. For me, moving all my own person funds from cash to fully invested for the first time in over 2 years should be a clue.

Any questions?
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