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

To: James F. Hopkins who wrote (18755)	5/19/1998 7:31:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

Jim, I concern on the sentiment thing... good news was bad news for the markets... but I cannot go along with your thesis that this is a bear market. Sure, I think we may test 8800 on the DOW... but only as a test. The big caps don't look all that bad and all my indicators for consolidation seem to be working ok. I suggested yesterday that we had a reverse MACD buy based on what I had posted to BB long ago and sure enough, the market was up a bit according to VGY. So the forecast unfolds... up a couple of days, down into next week with the retest THEN and then a strong move up over 9,600 into June... would figure okay based on end of month and holiday spirit etc. Bill

To: James F. Hopkins who wrote (18755)	5/19/1998 7:37:00 PM
From: William H Huebl	Respond to of 94695

Ooops... had a word wrong Jim, let me repost: Jim, I CONCUR on the sentiment thing... good news was bad news for the markets... but I cannot go along with your thesis that this is a bear market. Sure, I think we may test 8800 on the DOW... but only as a test. The big caps don't look all that bad and all my indicators for consolidation seem to be working ok. I suggested yesterday that we had a reverse MACD buy based on what I had posted to BB long ago and sure enough, the market was up a bit according to VGY. So the forecast unfolds... up a couple of days, down into next week with the retest THEN and then a strong move up over 9,600 into June... would figure okay based on end of month and holiday spirit etc. Bill