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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 (20417)6/15/1998 6:45:00 PM
From: P.Prazeres  Read Replies (1) | Respond to of 94695
 
Bill,

I am still not sure about this being a BUY day.

Arms index on the NYSE didn't prove that we had that much fearful selling....The Dow finished 90 points below the 100 day MA...that isn't good. The 200 day MA is at 8283.74. It may get to that.
New lows expanded to 293 from 257 Friday and 207 on Thursday...yet no fearful selling.

many stocks are getting pummeled with lower lows.

I may be wrong, but we may be at the beginning of a overall bear market. But not totally convinced yet.

All I'll say is "BE CAREFUL EVERYONE".

Paulo



To: William H Huebl who wrote (20417)6/15/1998 6:47:00 PM
From: bobby beara  Read Replies (3) | Respond to of 94695
 
digisys.net

Bill, bonds breaking out of an inverted double bottom, I get a target of 126-8.

Don't think dipster time will be till that peaks and reverses.

bwdik,
bb



To: William H Huebl who wrote (20417)6/15/1998 8:04:00 PM
From: Chris  Read Replies (2) | Respond to of 94695
 
today as a buy? i dont know william. we broke multiple supports.. new lows. weak close. i think things will get worse, not better.



To: William H Huebl who wrote (20417)6/15/1998 10:54:00 PM
From: joe smith  Read Replies (1) | Respond to of 94695
 
william,

glad to hear you aren't totally bullish. i know too many of them. could you elaborate on the divrgences you see and how that would indicate a move north. i see many posts mention that, but don't have a real understanding of what people mean.

thanks

js