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


To: epicure who wrote (12626)1/3/1998 1:15:00 PM
From: William H Huebl  Read Replies (4) | Respond to of 94695
 
Barron's based forecasts, Alexa...

I have used a formatted approach which I discussed here on the thread several weeks ago but could never reach an agreement as to which format to use:

Jan 3 1998 Weekly=Not down M=d,Tu=d,W=d,Th=d
VIX=100 points up VGY=sell DJIA momentum=near peak
Gut feeling - more on upside Volatility=high Overall-up

Evaluation:of last week's forecast: Weekly-Real loss Daily-25% Gut feelings: 100% right

Last week was the first week in over a month where the weekly forecast was wrong!

My overall forecast based on everything that is known to me is that we should have a highly volatile week to the upside and may close as much as 100 points up from here. I do think that 8050 will be a real sticking point and that if we don't make it through, we could see some more strong downside in the following weeks.

"If I have a choice between two good picks, and one is supported by candlesticks and one isn't, I'll go for the one that has the good candlestick because I'll know that at least the other candlestick technicians (dare we call them that) will be with me."

So Alexa, that gives another meaning to "the FORCE be with you?"

<gggg>

All my best,

Bill