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


To: Barbara Barry who wrote (10348)11/24/1997 10:05:00 PM
From: William H Huebl  Read Replies (4) | Respond to of 94695
 
Barbara,

I, perhaps, put too much weight on technical stuff at times the fundamentals are going you know where in a handbasket.

cme.com

Now tell me I am crazy with some up and some down??? I don't understand how you can believe the end is near when there is no evidence to support it... I believe this is a call buying opportunity and will more than likely wait for this weekend to confirm that...

Other than a possible retest of some intermediate point anywhere from 7,000 to the current level... I cannot believe this is the BK!

So my suggestion IMHO is to cool it and wait until some of the dust settles...

And no matter what the issues, the impact WILL be seen in the technicals and even before any big move.

It is easy to go around like chicken little and say the sky is falling in... but the wise trader will make the money regardless of who is saying what!

Regards,

Bill