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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10265)11/23/1997 8:27:00 PM
From: Judy  Read Replies (1) of 94695
 
Hi, Bill

Just logged on to see your current read of the market. Since I don't daytrade often, blow-by-blow market moves are academic interest to me. But it does not take a rocket scientist to know that until the certainty of the Asian situation is resolved, the market's trend will have a downward bias. The herd simply does not tolerate uncertainty, and uncertainty takes time to resolve. In the interim, one can trade the flux since market direction tends to hold for 4-5 days.

ORCL, I like too. Not expecting a significant move for another month or two however. btw, could you do a Fib retracement on AMAT? Would like to compare notes. Regards.
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