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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 (20546)	6/17/1998 10:46:00 AM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Bill, For me that vgy has been tricky lately....from looking ominous to looking oversold.BUT for the record,I want to say you have been very right about this market and saved me more than once from buying puts.Just wish I had bought them for two days, though....but then I would be breaking my rule of trading expiry week.In the past, that has been death for me. So I want to say thanks and I hope this thread aknowledges how cconsistently right you have been the last couple of months.I hope your streak continues!You know I have been calling for a failed rally,but I might need to alter that as I think we could have more than one failed rally over the next couple weeks.BWDIK? Thanks again for the great posts and all your efforts...I still can't believe you have the time to pump out such good work. Regards, Barbara

To: William H Huebl who wrote (20546)	6/17/1998 12:45:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 94695

Bill, Great call a few days ago! Paulo

To: William H Huebl who wrote (20546)	6/17/1998 9:54:00 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Bill thanks for good thought starter.Vgy in july of 96 dropped approx. 16 points below 200 day ma.Similar drop would take current vgy to 445-446 .Could possibly last for three weeks makes sense as preannouncement season has another 17 trade days left July 4th is on saturday ). Both past time periods of weakness coincide with preannouncement season . makes sense that we will be tossed around during current time period also. Also during both time periods tsv (on weekly basis)had to drop down and touch / bounce on neutral line.Current read suggests more down for at least 3 weeks (97- april) or 8 weeks (july 96).My gut says this is closer to 96 and there still is more to come. Thank you for your tempering comments I am never too sure this market has a devine right to go up.I am a believer in our economy doing very well because I think we have a very efficient (in a relative way) industrial market based system. IMHO Bob