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

To: Mephisto who wrote (50009)	1/18/2001 6:22:55 AM
From: William H Huebl	Respond to of 94695

My favorite is SPY although the DOW-30 is next best. WHY? SPY shows volume which is another nuance in my forecasts that I don't normally have available with the popular DOW data for SI charting etc... As far as the market... as I said to Skeet, my take on the commercials was dead wrong so I think that any attempts at recovery will be short lived. That being said, and on the other hand, some minor SPY indicators like Price Oscillator and MACD have shown trend breakouts to the upside... So I would put those indications as "NOT BEARISH" signals rather than bullish signals. Sentiment seems to be getting more bullish which is also a negative... As I have said repeatedly, I do not plan on moving my money from interest bearing cash equivalents until SCY gets over 1.5 and it is only 2/3rds of the way there thus far!