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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (36680)1/24/1999 9:21:00 AM
From: William H Huebl  Read Replies (1) of 94695
 
Haim,

I certainly agree we still have some negativity in the cards. But with Barron's MarketWatch advisors over 60% bearish, I surely doubt they are right. Also, the most actives $$$ are over $60 for every day last week... a sign of NON-speculation. And the oddlot short sales almost doubled. When were THEY ever right???

There is a mini-H&S in the DOW which I think will be resolved to the downside to retest the 8,600 if we make it through the 8,950 level which I think we will.

THEN I will be buying calls with both hands!

(But not for long)

Bill
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