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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (38826)3/20/1999 7:59:00 AM
From: William H Huebl  Read Replies (3) of 94695
 
WILL GREESPAN ACT??? GZ,

There is only 1 thing that will take this market down... an interest rate increase!

And this is the part in which you will absolutely kill me!!! My studies of the latest Barron's (Mar 22, 1999) show that we could get to 10,500 next week AND PROBABLY WILL!!!

Why?

Most actives $ is climbing: M=D, T=U, W=U, T=VERY STRONG UP!!!, F=?
Odd-lot short sales are on the INCREASE - a bullish sign.
Investment advisors' seem to have increased in bearishness.
Ratio of equity calls to index puts is hanging in there a little over 10... this figure needs to get over 20 before the crisis is at hand!
SCY ratio has yet to penetrate it's MA and could easily get to .86 or .85 before it does. Yeah - again historical lows for it.

Don't get me wrong... a wiff of inflation and the market is GONE! But until AG or some obvious event to make AG move, the path of least resistance is still up... believe it or not!

I can't believe I am posting this bullish forecast... but that is what I see for the coming week!

Now you can kill me!

Bill

PS I will change this forecast in a heartbeat if I see anything out there to change my mind!
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