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

To: kas1 who wrote (12500)	12/29/1997 11:04:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

K1, Thank you for your enthusiasm and for volunteering for whatever... you got class! As an "NT" I need time to think about it... we don't need to duplicate what is out there and we need to define our expectations to give focus. And in order to get some ideas, my immediate suggestion is for everyone interested in this project to post to me what questions he or she would like answered on a periodic basis. I will keep a file updated with those questions and when I get over 25 (arbitrary number) I will post all of them together so we will get a sense of direction or perhaps confusion... and we may have a few false starts. Right now, I don't want to put any limits on the questions... we can sort them out and group them and get a sense of what people want. It is a start, at least. I'll go first... I would like to know with 95% certainty where the NYSE is going a week from now, a month from now, a year from now. So I will put this first in our file. "No holds barred!" To answer your question about today's market... looking at 17 day momentum (or even 144 days), I see no evidence any downtrend was broken today... it may take another day or two on the upside before we get such a signal. VIX is saying we are at least a week away from any major sell signal. That being said, the NEGATIVE of the VIX ROC suggests we may have a struggle on our hands getting much higher for a week or so... and, again, that means volatility to me rather than a significant move in either direction. But as I said within the last 24 hours, my gut tells me we are going up. (I no longer TRUST my gut... my indicators work better than my gut most of the time) Bill