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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 (21181)	7/2/1998 9:01:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Bill, through my trials and tribulations of learning t/a, one thing I've learned is that the first two indicators you look at are PRICE and VOLUME and all the other indicators are ancillary and should be used as confirmations not as leading. We are now at ALL TIME CLOSING HIGHS ON: NDX, NYSE, OEX, SPX. Yesterday we bounced off the inverted h&s neckline on the SPX on high volume and boffo a/d #'s. The Dow is the tail, the SPX is the dog, don't let the DOW tail slap you silly whilst the rest of the market is running away. Your VIX read is correct for a crash, you just had the direction wrong. bWdIk beee