Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (92840)	5/25/2011 8:33:34 AM
From: William H Huebl	Read Replies (1) of 94695

You could well be right... at least in the short term. And the Qs vs USPIX show more on the upside.... and that combination (surrogate) is usually a leading indicator. And we haven't had a real breakdown in any major trendlines nor AD ma levels... but the AD mas are close now. I guess my real problem is that the consumer has yet to show his and her face to keep things going - my surrogate using the consumer leads by about 8 months and shows we still have a couple of months before the markets come under real pressure. But things could change at any time - like a retaliation on CONUS for the US taking out Bin Laden... that could turn things upside down at the drop of a hat. And BTW, SPY P&F projections show a movement anywhere from 25% to over 50% from here possibly into the 2000 range for S&P 500. That is pretty bullish before this is all over? I am more inclined to think a sideways movement with the possibly a retest of old highs... market volume ratio of up to down just does not warrant a 50% move IMHO. But of course, that could change. And again, all the caveats apply.

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