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

To: William H Huebl who wrote (50863)	4/7/2001 12:16:05 AM
From: robert b furman	Read Replies (2) \| Respond to of 94695

Hi Bill, One thing you and I agree on is you are patient. I think perhaps patience is the single most lacking ingredient investors do not have. I think there is a need for capitulation in the NAZ.If it were to occur as the Dow appeared to break down - it would be perfect. This market is getting brutal - I've been more patient than ever before and this last week has put me under water for the first time.Not bad but I sold out at the top and started nibbling on the first fast spikes down. I have some dry powder left and a huge capability for margin. I think I've played it better than ever before and it is a tough market no doubt. I'm done buying until a huge volume day with a vix spike and put to call ratios go over 1.1 to 1. I was surprised that put to call went down today and vix was quiet as well. The prices I watch were not good they suggested further selling was ongoing. I do think we are putting in bottoming action. Your comment today hit me right between the eyes like a 2x4. It Always Takes Longer. Well said Sir. I'm flying out to GZ's country tomorrow for a Dealer NADA 20 Meeting.Won't be back til friday noon and then I've got to arrange my tax payment. EEERRRGGGHHH If the bottom falls out of the market next week - don't fire till you see the whites of their eyes. I expect you to catch the perfect bottom - heck someone on all these threads has to have bragging rights on catching the knife without bloodshed.gggg Best of trading and I do appreciate your patient wisdom. I'll try to rent a computer in Orlando and see if I can't embellish your day with some smarta$$ comments. I do think we're close - with in 5-7 days the way my uigi board reads. Bob