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


To: Barbara Barry who wrote (21054)6/28/1998 1:27:00 PM
From: William H Huebl  Respond to of 94695
 
BB,

Twod be nice ifn they backed up each other. Actually, Zwieg is tanking now and COULD confirm the ROC. Now THAT would be nice... would have to go out and risk HALF the farm if that happens!

How are the girls and the Wx? Things are finally clearing out here... I will need to catch up (ketchup) on my Wx charts and get back to you on them... this time I will try not to scare the beejabers offn you!

Bill

PS The ROC thingy only forecasts the sell-off to come... I have no guarantees it will play out as suggested... although it did that each and every time we got that spike.

Course in October last, it was a SPIKE!!!



To: Barbara Barry who wrote (21054)6/28/1998 1:48:00 PM
From: William H Huebl  Read Replies (3) | Respond to of 94695
 
BB - More stuff on MEGA SELLOFF COMING:

Barron's based forecast - June 27 1998:
Weekly=up Mon=f,Tu=f,W=f,Th=down VIX=down VGY=Buy
DJIA mom (377) =near low Gut feeling - sell-off and partial recovery Volatility=increasing Overall-flat to down

(No evaluation of last weeks... but forecast was right on "UP")

WARNING OF POTENTIAL MEGA SELL-OFF:
===================================

Several indicators are conspiring to make July a truly bad month! One of the indicators I hold near and dear to me is the LESSER of new highs vs new lows... that figure was triple digits this week, a VERY dangerous sign. And on top of that, we have strong volume developing in the utility sector, a sign of rats leaving a sinking ship. Mark my words (and IMHO) we will have AT LEAST a 1,000 point sell-off in the DOW by the end of July... and it could get mega worse.

Bill