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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (40837)	6/21/1999 9:49:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Joan... another country heard from.... good to see you back, even if only for a while! The 55 day rule, which has been dismissed by some as has only worked in the 1929 and 1987 crashes... is about to raise it's ugly head on July 7th from the May 13th peak. My electric utility volume indicator generally gives a 16 trading day lead time and it shows something starting the first week of July. The SCY ratio is the lowest in history (my daily data only goes back to 1944) and of course there is Ed Yardeni's model which shows the market is overpriced in excess of what it was in 1929. Well at least when the king had no clothes, once the fact was pointed out, people listened... But Joe 6-pack thinks we have a perpetual money making machine going here and is trying to make it so! Maybe he will! Bill