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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (13947)	2/7/1998 4:32:00 PM
From: William H Huebl	Read Replies (4) of 94695

BB Barron's Based forecasts, Feb 7 1998 Weekly=UP M=d,Tu=d,W=d,Th=d VIX=400 points down VGY=Buy DJIA mom (377) =near peak Gut feeling - down before up Volatility=increasing Overall-not down Evaluation:of last week's forecast: Weekly-Wrong again Daily-60% right Gut feelings: right Last week was another bummer. although gut feelings were right BB... how can I be calling for a move up??? Well the Barron's indicators are opposed indicating volatility and the most actives are REALLY getting low. What this means is rank speculation is entering the markets and Wednesday could be a wild day. Remember, we have had extreme volatility 2 weeks before expiration... so this could be one of those weeks coming up. Interesting formation on 34 day ROC on INDU. We COULD be a week away from a very strong sell-off. But on the other hand, longer term ROCs show a distinct possibility of a bullish break in the downtrend... and if we get much higher on the DOW, then 9,500 here we come! Bill

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