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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (21054)	6/28/1998 1:48:00 PM
From: William H Huebl	Read Replies (3) of 94695

BB - More stuff on MEGA SELLOFF COMING: Barron's based forecast - June 27 1998: Weekly=up Mon=f,Tu=f,W=f,Th=down VIX=down VGY=Buy DJIA mom (377) =near low Gut feeling - sell-off and partial recovery Volatility=increasing Overall-flat to down (No evaluation of last weeks... but forecast was right on "UP") WARNING OF POTENTIAL MEGA SELL-OFF: =================================== Several indicators are conspiring to make July a truly bad month! One of the indicators I hold near and dear to me is the LESSER of new highs vs new lows... that figure was triple digits this week, a VERY dangerous sign. And on top of that, we have strong volume developing in the utility sector, a sign of rats leaving a sinking ship. Mark my words (and IMHO) we will have AT LEAST a 1,000 point sell-off in the DOW by the end of July... and it could get mega worse. Bill

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