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To: Chris who wrote (5511)1/31/1998 9:21:00 PM
From: Chris  Respond to of 42787
 
retest and then rally?

Subject: Waiting for the big Kahuna

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To: Chris (13718 )
From: William H Hueb Saturday, Jan 31 1998 7:58PM EST
Reply # of 13722

No Chris... but here is my Barron's based forecast:

Jan 31 1998 Weekly=DOWN M=d,Tu=d,W=d,Th=d
VIX=400 points down VGY=sell
DJIA mom (377) =near peak Gut feeling - some upside Monday Volatility=increasing Overall-not up

Evaluation:of last week's forecast:
Weekly-Right on Daily-80% wrong
Gut feelings: right

Last week was the first week in 5 with a good forecast!

IMPORTANT NOTE: AGAIN, VIX predicted the 5% move up from 7,450 to 8,000 and now it is on a 5% sell!!! I know the touchie-feelies are bullish... but be careful... MACD on several important indicators including A/D and VGY is negative!