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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 (71052)	6/1/2005 10:19:39 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

1) Extreme levels of overbought 2) Extremely low put/call ratio 3) Rally to broken long term trend line, which should act as a strong resistance. 4) Rising volativity on short time scale, which is not options - manipulated. Large volativity means low return, on the same scale. A rally above broken trendlines will get me bullish. If not, 8500 for the DOW will be here by mid-July, followed by another rally and a dump into October. The consequence of failure here is very bearish. This will confirm the start of the III-d phase of the bear market. This phase should be a lot more devastating than the first one.