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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (22460)7/27/1998 9:19:00 PM
From: William H Huebl  Read Replies (2) of 94695
 
Bobby,

Not only did SP500 bounce off a trendline (well ALMOST) but it also tested the highs of the consolidation period. This could mean we FINALLY get to the 9,600 and above area I had forecast. THEN the BK.

Bill

PS But what concerns me is the VIX range is narrowing and making it well below 20... signs of both concern and caution... the worst week on record this year and VIX never goes above 25. Ain't THAT sumpin.

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