Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (39862)	5/8/1999 7:50:00 AM
From: William H Huebl	Read Replies (3) of 94695

Don, BK WARNING!!! (This is not a watch, it is a warning) SitStat (Situation status): Yesterday, SCY went to .88... the lowest in history AGAIN. Barron's figures shows it is better by over 5% to be in bonds. Now that we have broached 11,000, that confirms the belief that this market is on an unstoppable upward tear. BUT I DON'T BELIEVE! The mutual fund flows dropped by over 3 billion this week. That being said, there are few signs that there is any catalyst to cause a BK this week. Options ratios are still benign. Most actives are high... highest for Monday and Tuesday trading. For the first time in years, ALL the Investment Advisors in Barron's Market Watch section were BULLISH... not a good sign! As I said this week several times, some of my leading indicators are beginning to roll over. While the BK could occur at any time (the bombing of the Chinese embassy could have those kind of repercussions), my best bet is EXPIRY week will be the trigger or even the sell-off week. More later, Bill

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