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

To: Daniel Ray who wrote (21420)7/9/1998 2:48:00 PM
From: Joss  Respond to of 94695
 
Hi Daniel,

Last fall, most people on this thread expected a large correction / crash. I was in puts from Sept. of last year. I remember someone making the comment that if a correction occurred, it would have been the most heralded crash ever. Well it came anyway. Seems to me that all the adages about the market are true until they are not <grin>.

I have not come to a conclusion about the end of the month. I will point out that the "spiral calendar" (another of those things which correlates well until it doesn't) shows a low should occur around July 27 of this year.

Good luck!

Steve



To: Daniel Ray who wrote (21420)7/10/1998 1:48:00 PM
From: BILL G. WRIGHT  Read Replies (1) | Respond to of 94695
 
I believe you are correct. The more traders/investors expect an event to happen, the less likely that event is likely to happen. I would not expect a major collapse of the stock market this year. Some correction yes, which would be good for the market, but don't expect a major down-turn. Our economy is just to sound right now, coupled with low interest rates, good employment, no war, etc. for such a major down-turn.


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