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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 (10351)	11/24/1997 10:27:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Bill, I have never said the sky is falling,nor do I think this is the BK for this year. Technicals USUALLY preceed fundamentals...I agree. But, when things move too fast and/or are reactionary to unforseen events the TA gets a bit tougher.It is like trying to use your charts on a $3 stock that is being manipulated...futile. Even using TA on a large basket of stocks, I don't see a big move up soon. IMHO outside events will only stimulate people to finally dump their losers in the near future. So with that....there is a lot more room to buy your calls.Maybe next week or next month? I do try and take it a day at a time also...and if I can't find a stock to buy soon, I may be in a twelve step program !!! VBG Please know that I am not chicken little...just part philosopher, trader, optimist, macro-economist, investor....talk about a split-personality!!! :)) Regards, Barbara P.S. a few successful "pros" I know have admitted lately that basically they are clueless about the nearterm. They won't publish that, but if you tab through a lot of charts it is getting harder to find any really strong charts like we had previously. ( I am weighted in techs in my data base)

To: William H Huebl who wrote (10351)	11/24/1997 11:30:00 PM
From: Mark Nelson	Read Replies (1) \| Respond to of 94695

Ok.. so you saying that since there is no evidence to support BK at this time it's a buy op? Come on...what was that about open mind? Mark

To: William H Huebl who wrote (10351)	11/25/1997 1:06:00 AM
From: White Shoes	Read Replies (1) \| Respond to of 94695

OK Bill, I'm hearing your advice, one must move beyond chickenlittleism...so what would the wise trader do? I have been going more and more to cash and will continue to do so tomorrow. I guess perhaps we are agreed...wait until the dust settles. In my case I'll likely be looking for some bargains after it does.