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

To: Barbara Barry who wrote (12708)	1/6/1998 5:59:00 PM
From: William H Huebl	Respond to of 94695

BB, VGY is a longer term indicator... don't try to compare it on a daily or weekly basis. What we have to look out for is whether that MACD pattern is broken to the upside... if so, then we are probably good weeks to the upside. Yeah, I know it sounds like I am saying not to use it short term and then doing that... but remember what MACD is. Today, the volatility I forecasted kicked in! Bill

To: Barbara Barry who wrote (12708)	1/7/1998 6:19:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

BB, An update based on my review of the hourly VIX and INDU charts. We SEEM to be making a H&S in the Dow and an inverted H&S in the VIX... which I think is supportive of your post but perhaps a little more delayed... we MAY rally back almost to Monday's highs before tanking... I could see us in the 7,700s in the next 2 weeks before climbing over 8,100... if that area (7,700) holds, we would be making an inverted H&S in the DOW which could easily carry us to the neighborhood of 8,500 by Feb. Depending on the age of your options, I would CONSIDER getting back out in the next 2 days??? BWDIK? Bill