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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 (69386)5/20/2004 9:16:31 PM
From: BubbaFred  Read Replies (1) | Respond to of 94695
 
Bill - What's your P&F charts (S&P500) indicating? Is ther a double bottom failure? If so, what's the expected downside in % terms or next support level? Thanks.



To: William H Huebl who wrote (69386)5/24/2004 6:37:56 AM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Hi Bill,

"up, up"? "and AWAY" Away is where most investors have headed till the uncertainty is reduced. Oil price level, interest rate hikes, Iraq's government, the election, etc.

I do not think there has ever been a crash in a low volume market; high daily volatility but not a crash. So I am reducing the Kahuna Warning to a low level Kahuna Watch for the perfect storm.

Skeet