Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (28727)	9/24/1998 8:30:00 AM
From: robert b furman	Read Replies (1) of 94695

Bill Thank you for providing such excellent calls regarding this bear market rally / end of bear market turnaround?. VGY is now at 399.45 20 ma = 386 going horizontal and might turn up next 1-2 days 50 ma = 419 200 ma= 460 It appears to me that the naz has led the rise up to past support levels ( 1766-1768 ) which should now present resistance.The ability for naz to fight thru resistance could be great clue about the overall strength of rally vs turnaround. JMHO The S&P 500 looks to have overshot past support at 1055 (close at 1066)Probably way too fast and market needs some congestion pattern to worry us with.Break out from this pattern will be great indicator also. Most surprised to see this rally in the middle of preannouncement time period shows great strength of stealth bull market perhaps. My big question is time duration for vgy to bottom: 94 took 10 months with a nasty triple bottom 96 took 2 months with fast dip only 97 took 2 months with weak dip only Stochastics indicate vgy has never been sold oversold - could this be a big time bear market trap driven by interest rate cuts much more than corporate earnings.When everything else yields nothing - americans with money will look to Mr. Market for addictive returns ( 6-8%)GGGGG Suspect you have some overlays from past bear traps would greatly appreciate any analysis or downloads. In between, thank you for helping this position trader who buys on the dips make it thru dark hours. Humbly to the great swami Bob P.S. Past posts indicates you are looking at one of my favorites: AMAT Do you have a strategy in place? (post over a month ago indicated below 26 is good - 23 must be better right ? ).

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