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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (13804)	2/2/1998 11:26:00 PM
From: Richard J. Byrd	Read Replies (2) of 94695

Bill: I always like to see you mkt predictions for the coming week, BUT your recent statement: < So far my "major" VIX indicators have been right 100% since I started tracking them as far as the major market moves > certainly was not borne out by Monday's 201 point move. Your VIX indicator, plus Barrons called for a down Monday and all week. I believe we are in for a lot more upside, after some brief consolidation and profit taking, no more than a 80 DJI retrenchment. This market is being driven now by NEWS and the absence of news. All looks peachy in Asia now; the President hasen't done a bimbo in several weeks (that we know of); the earnings season is almost over and we survived it. Unless one of these scenarios reverses or we blow up Iraq, we're in for a bull market and new highs for a month or so. But, as you always conclude - BWDIK. Keep up the good work.

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