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


To: Terry Whitman who wrote (64389)6/12/2003 11:56:28 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Ahh, the simple life! Take what you have said now and add a backdrop of USD going south, interest rates going lower and who the heck knows what volatility is signaling???

This is a market of many extremes including momentum, dollar lows, sentiment ratios and insider selling. How to compute that in terms of market moves and forecast has many people scratching their collective heads as some of the extremes are at odds to others in terms of traditional lore.

For me, although I acknowledge the almost certainty of a 2,000 point move up in the next several weeks, I also honor the risk levels of the markets with such things as dollar weakness and insider selling among other things. And I also recognize that is what is fair for the goose... and by that I mean that the inverted H&S currently motivating market moves UP has it's right-side-up counterpart which may eventually drag markets DOWN to fraction levels of the prior historical peaks.

BWDIK?



To: Terry Whitman who wrote (64389)6/12/2003 12:10:08 PM
From: Trumptown  Read Replies (1) | Respond to of 94695
 
When would you expect the sharp pull back? -I generally agree with your current perspective.

What's interesting is the number of ac/dc traders that have migrated closer to the 'permabear' camp...and have been getting clipped