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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (35953)1/3/1999 12:37:00 PM
From: William H Huebl  Read Replies (3) of 94695
 
GZ,

Just reading my charts! Last week I gave 2 conditions for a bull run: a breakout of VGY above 435 (done) AND ALSO VIX UNDER 20. Until this last condition is met, and I think it will be, the market has some restraints on it. On Dec 23rd, VIX closed under 20 but didn't hold.

Since it was VGY that jumped on New Year's eve, it could be well that the only the smaller cap stocks will participate in this rally. But usually when something big gets going, DOW manages to tag along!

Bill

PS Remember you heard it here first!

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