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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (14086)2/15/1998 5:01:00 PM
From: William H Huebl  Read Replies (2) of 94695
 
GZ,

My forecast for this week before I comment on your outside day...

Feb 14 1998 Weekly=Down Tu=d,W=u,Th=u,F=d
VIX=600 points down VGY=Buy
DJIA mom (377) =near peak
Gut feeling - up before down
Volatility=retreating Overall-not up
Evaluation:of last week's forecast:
Weekly-Right on Daily-80% wrong
Gut feelings: right
Last week was the second week in 7 with a good forecast!
<sigh>

As far as the outside day being negative... I have watched day after day and week after week having solidly POSITIVE volume (up vs down volumes) in this market... and I can tell you from past experience that strong positive volume is a real plus for the markets on an intermediate term basis (months to year)... so while my VIX indicator is saying we should have a 600 point sell-off, maybe not!

Bill
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