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


To: Arik T.G. who wrote (8565)10/30/1997 7:18:00 AM
From: William H Huebl  Respond to of 94695
 
Hi Arik,

Frankly, I am done trying to predict HOW this market will do what it is about. I am interested in WHAT it is going to do... if a retest takes 4 days, then so be it... that would go along with my scenario very well... and we would end up with a buy signal which is what I have been expecting.

Remember, it wasn't more than a month or so ago I was calling for a test of the low 7,000... and the test was only to 7,600 or so... I have been expecting this correction so I do not expect a crash...

IMHO It will take something like a rate hike to have a crash... THAT will be the signal, not a volatile SEAsia situation.

BUT AGAIN, FOR ALL WHO MAY BE READING THIS... ARIK MAY HAVE THE PROPER FORECAST AND I MAY BE TOO CONSERVATIVE... IT IS ONLY MY PERSONAL OPINION AND NOTHING MORE!!!

Regards,

Bill

PS My option order is "fill or kill" if that tells you anything