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Strategies & Market Trends : Waiting for the big Kahuna

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To: Rajiv who wrote (11492)12/13/1997 4:35:00 PM
From: William H Huebl  Read Replies (2) of 94695
 
Again Rajiv,

I noticed a H&S formation in the Semis which has been broken and if true to form will cause what you suggest... at least ANOTHER 33% selloff FROM HERE!

Now if the tech sector sells off by 33% then there is no doubt the NAZ could easily tank by another 20%... but I would be surprised if it wasn't much, much more, given the weightings in NAZ.

Again, timing is the thing!

Bill
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