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


To: Tommaso who wrote (17753)4/30/1998 11:48:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Tommaso, that's a lagging indicator IMHO.

The telling numbers about Joe Sixpack market goes only up, is this week Pay Day week, 401K week etc.

BWDIK

Haim



To: Tommaso who wrote (17753)5/1/1998 7:18:00 AM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Tommaso,

As Haim said, VIX only works in consolidating areas... and we are on a VIX partial buy. Many of the indicators I keep have bottomed for the time being... most look like mid to late August 1997 with an occasional look of mid-Oct.

The Williams A/D, fairly reliable for calling the turns, should go positive today if the market continues it's up-move which I expect. With past as prologue, Monday could get hairy with another strong sell-off but I would like to wait for the weekend indicators before getting ahead of ourselves.

Of the alternatives, I would save calls are the safest.

BWDIK?

Bill