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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 (19197)	5/27/1998 8:34:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Bill, I would question your indicators in this kind of market. Just like Sew has been saying his normal indicators have been failing him for some time now and indicated to start shorting this thing since late February. Since Graham poo pooed my sentiment indicators, I have made him my favorite contrary indicator. At big market turns, you have to toss out the normal indicators and go for the big sentiment issues. For equities in 82 it was the "Death of Equities" story For gold in 98' it was the "Death of Gold" story (has yet to be proved that Jan 12 was the bottom, but I'm 80% sure it was) For the 98 peak: Married Bull on the Cover of Newsweek Metz throwing in the towel the day before a 150 break out of an indecision triangle. 20% reversal in Soft in a 2 week period 0 cash level in mutual funds. Bullish sentiment slightly under 87 peak. This isn't like October, it's a completely different market. In October we had a strong market where all indices peaked on October 8th, this market is wobbly internally with the a/d line rolling over big and only a few issues holding up the index. Next good support in the 1080 area before bounce down to the 1050-60 area. bwdik bb