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

To: pater tenebrarum who wrote (42533)	7/31/1999 8:08:00 PM
From: Dragon 1	Read Replies (2) \| Respond to of 94695

Things to watch for or the indicators are the NAPM on Mon. and the dollar vs. bond yields. Don't forget also the employment figure on Fri which is being watched hawk-like by AG and company. The market may not drop 600 points in one day, but if the numbers are bad, it could exceed 600 points by the end of the next week. One more thing to ponder, almost the major indeces are sitting tightly on critical supports here, the DOT, BKX, and the DOW (the latter actually has broken through the 50 day ma by approximately 300 points). It's gonna look very nasty from here on down. By the end of next week, 9800 on the Dow is not an unlikely scenario.

To: pater tenebrarum who wrote (42533)	8/1/1999 7:37:00 AM
From: William H Huebl	Respond to of 94695

HB, mynvo.com What I do is place indicators which have shown a propensity to work now and in the past year or so on my charts and then, based on where we are now, look back a year to see where they were in the middle of the sell-off last year. I try to pick a particular "spot" on the charts which seem comparable - last year and now(note: you can't do this with all moves... but it looks like we can do it with this one). I look at the indicators and see how far THEY have to go before they bottom... and it looks like 5-6% more to go. And I agree with the Dragon, who replied to your post also, that it may not come Monday... maybe Tuesday. Actually, from my Barron's based indicators it shows Thursday as and extremely weak day. Does that help? Or I guess the questions REALLY is... "Does that work?" My answer - "...sometimes." Bill