Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (12708)	1/7/1998 6:19:00 AM
From: William H Huebl	Read Replies (1) of 94695

BB, An update based on my review of the hourly VIX and INDU charts. We SEEM to be making a H&S in the Dow and an inverted H&S in the VIX... which I think is supportive of your post but perhaps a little more delayed... we MAY rally back almost to Monday's highs before tanking... I could see us in the 7,700s in the next 2 weeks before climbing over 8,100... if that area (7,700) holds, we would be making an inverted H&S in the DOW which could easily carry us to the neighborhood of 8,500 by Feb. Depending on the age of your options, I would CONSIDER getting back out in the next 2 days??? BWDIK? Bill

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