Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: stockycd who wrote (80870)	8/25/2008 6:29:16 AM
From: William H Huebl	Read Replies (2) of 94695

Since GZ uses P&F charts as a forecaster, I cannot understand why his response to you wasn't something like this: "Well conventional charting places the low under 1,000 or over 1,400 depending on which scaling method you use on the SPX. That being said, SPY which may just be a better measure of the movement of the markets, shows all scaling methods bearish and forecasts an equivalent low for SPX under 1,000." The charts I look at show that if the markets do not continue upwards for the next couple of weeks, that clearly the bear market will not be over for quite some time. So I cannot agree with either GZ's or your assessment of things at this time. I suspect we will see 999 before we see 1,500. And while we are at it, STT is none too healthy either, if you are talking about stock by the symbol STT. It could easily go to 57 if not 47! BWDIK? (All the caveats apply here)

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