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Strategies & Market Trends : Waiting for the big Kahuna
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To: Barbara Barry who wrote (21324)7/7/1998 7:06:00 AM
From: William H Huebl  Read Replies (2) of 94695
 
BB,

Zwieg is at LEAST a week away from a "setup" which puts any trigger at least 2 weeks away... so if the indicators are going to reinforce each each other, Zwieg better get crackin'

One of my indicators on VGY points to further consolidation and possible sell-off as does MACD which is at a peak on daily basis. Weeklies are at a low.

However, I await one last buy signal on VGY before giving up the bear case at least temporarily... since the bottom configuration looks like Aug 5, 1996, April 30, 1997, and Nov 28, 1997. (The indicator cited, however, is in a broadening formation... FWIW.)

And as ever... forecasts are tentative BSTC (like that one, BB).

Bill
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