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

To: William H Huebl who wrote (18767)	5/19/1998 7:44:00 PM
From: Follies	Read Replies (3) \| Respond to of 94695

I find that many of the posts are ambiguous in terms of market predictions. Clearly bobby beara is bullish for a spike up, James is bearish and William is somewhere in th middle (I think). Maybe we could get more specific, create a little game, and have some fun. First we need to decide on an index. I think the SP500 (SPX) is representative (yes DJ is more widely followed and Russell 3000 is more over all but unless someone states a strong case we will use the SPX). Next we take an arbitrary % say 2% both above and below. So as of today the down goal is 1087.33 and up is 1131.71. Now everyone picks up or down. If your goal is reached you get 2 pts. If the opposite goal is reached you lose 2 pts. You may change direction at any time with a cost depending on where the index is at the time you change based on this table: Your direction but between +1% and less than 2%... you get +1pt Your direction but between 0% and .9999%...........no points Wrong direction but between -1% and 0%.............you lose 1 pt More than -1% .....................................you lose 2 pts Booking may get ugly but here goes. I will start and take the down side, I say we reach 1087.33 before we reach 1131.71. For simplicity I will just post... DOWN 1087.33