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

To: Rajiv who wrote (11492)	12/13/1997 3:55:00 PM
From: William H Huebl	Respond to of 94695

Hi Rajiv, Thanks for coming out of lurking mode and sharing with us. What you say has much merit and I would add one CAVEAT!!! The semiconductor index (WG400 for the TC2000 people) must break 1450 before that can happen... and right now there is some AWESOME support in the 1500 area. So before writing off the techs and this market yet, let us see what happens. To paraphrase a famous football saying: "Timing isn't anything, it's EVERYTHING!" Bill A bumper sticker from the Jokes thread" I took an IQ test and the results were negative."

To: Rajiv who wrote (11492)	12/13/1997 4:35:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

Again Rajiv, I noticed a H&S formation in the Semis which has been broken and if true to form will cause what you suggest... at least ANOTHER 33% selloff FROM HERE! Now if the tech sector sells off by 33% then there is no doubt the NAZ could easily tank by another 20%... but I would be surprised if it wasn't much, much more, given the weightings in NAZ. Again, timing is the thing! Bill

To: Rajiv who wrote (11492)	12/14/1997 3:56:00 AM
From: scotty	Read Replies (2) \| Respond to of 94695

Rajiv, I agree.Future earnings will not meet street expectations.Microsoft dropped some this week due to EXPECTATIONS of slower growth from Asia.The Japan,Korea,Thailand,Russia,Hong Kong mess should impact earnings.Strong earnings fueled the bull market,weak earnings could sink market.I'm amazed that investors are still pouring money into stocks.I guess they think the current crisis will blow over.I've made incredible gains from tech puts,looking at transports to put now. regards