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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (9839)11/16/1997 4:16:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 94695
 
Bill it is all related to settelment day of traded securities by dealers/brokerage houses. I think that in normal market with a defined trend this should work fine. I am not sure how it will work at tops and bottoms, were volatility is above the last 3 to 4 months average. Same applies to the VIX.

Sentiment is a much biger factor. Last week bull/bears were even but the ratio turned to the benefit of the bears only after a two day rally. The dipsters are still around and it will take a wille till they will get really burned.

As I wrote several times before we will have a "zigzag" slide with many bear traps as the one just finished.

The COMDEX in Las Vegas, was the excuse for the tech rally.

Haim
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