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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 (53087)	7/18/2001 9:21:43 PM
From: Berney	Read Replies (1) \| Respond to of 94695

Well, Dead wrong isn't a good option. Again, it was your efforts that got me to go study TA almost 4 years ago and I am very appreciative. I constantly move my little phleet from Market to cash and back again. No problem with that. However, before we go up, up and away, this market has some heavy hurdles to overcome. The SnP, OEX and NDX all have brutal daily and weekly down trend lines above us and, additionally, the baseline of H&S patterns to get through. This all represents serious resistance before this rocketship can take off to the moon. I just believe that we are sitting here in no-man's land. As long as we are in the range of ~600 to 643 on OEX neither Bulls nor Bears can declare victory. However, my potential targets are OEX 568 and NDX 1470. Until we get above OEX 643, I'll consider those targets in play. That said, I believe that late this December is going to one of those moments like late 1995. I wonder how many folks actually appreciate that the SnP is negative since 12/31/98. While you probably slept better than most, I think you will concur that you exited the Market a few months too soon. IMVHO I believe the same will be true this time. However, as you noted, it is a decision that can be changed at any time. One of the many that have gained from your valuable insights over the years. Thanks! Just a View from the Swamp Berney