Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (36467)	1/15/1999 7:32:00 PM
From: William H Huebl	Read Replies (3) of 94695

NOOooo, GZ, I am not going to let you off the hook that easy. Wednesday you were calling for a fantastic rally and I said that on Thursday the market would close between Wednesday's close and the low. SP500 did that and DOW was a little lower than the low. On Wednesday I also said I expected the market to recover on Friday. Where to next??? In your last post you suggested new highs. Well that is a no-brainer for NAZ. Howsomeever.... my theory is that we are going to try for new DOW highs, not make it and then tank starting in early Feb. By then we will have traced out the H&S forming in many indices. When THAT happens, I can see at least a 1,000 point DOW sell-off into EXPIRY - Feb and with it a general disgruntlement with the whole market. THEN comes the BK!!!! I think we have seen our DOW highs. BWDIK? Bill PS - don't forget it is YOU that is making all the $$$

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