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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (36382)1/14/1999 6:51:00 AM
From: William H Huebl  Read Replies (3) of 94695
 
GZ,

In my spare time this morning <gggg> I have been schlepping through my indicators... there is probably only a 50% chance we will take the path you expect. A more conservative turn-around would be a retest of the lows yesterday and a close somewhere between yesterday's close and the lows yesterday. Then maybe even one more day of "consolidation" before it takes off.

I would like to believe your scenario because it would fit better with my brash prediction that the DOW would close over 10,000 by MLK day. But you know me... "Turn-on-a-dime Huebl." So a slower turn-around is what I see and then we won't make those super-highs until the end of the month. All because of the Brazil nutz.

Bill

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