Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom M who wrote (23194)	8/4/1998 9:57:00 PM
From: William H Huebl	Read Replies (2) of 94695

Tom... fantastic response to your post. Great work... As I told Jim, I am working on my charts now... between posts. Here are a number of things I have found which MAY be important: - the utilities (electric) are almost at a trend line that started in February of this year. - And now we can have a utility BUY signal starting Monday of next week... hardly sooner. - VGY is within 1-2 percent of making a double bottom with the January low. NOTE: I still believe VGY has signalled a bear market! - VIX FINALLY shows fear coming back in the markets! - Using GE as a surrogate for the market, that stock will probably touch what I call an "internal" trendline tomorrow. If THAT doesn't holdd, we are looking at another 10% down or another 800 points on the DOW. - BRKA looks like a turnaround. - NAZ+NYSE is about to bottom within 1-2% with the June 14th low. - Zwieg Breadth Thrust generated a super-buy signal. Okay... putting this all together, I would say we will scare the bejabers off everyone tomorrow with a 1-2% further drop during the day and then that will be the bottom. We probably will muck around for a week or so retesting that bottom and THEN take off, just when my calls will expire worthless. The other scenario is that we drop even further and may end with as much as a 500-1,000 point sell-off this week. BWDIK? Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next