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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 (22409)	7/27/1998 7:32:00 AM
From: Berney	Read Replies (1) \| Respond to of 94695

Bill, since I've been following this thread, I believe that VGY seems to work best in a non-trending market. The weekly MACD for the S&P 500 gave a weekly bullish signal 7/17 and a weekly bearish signal 7/24. I believe this week is important to confirm a break in the trend and not just a short-term reversal. Clearly, the breakout at about 1120 has not been violated. If it is, then I'll trade my bull horns for some bear claws. Until then, well, I bought some CPQ Oct 30 calls on Friday. Thanks for the warning. I always do my own DD and never (well almost) rely on someone else's opinion. BWDIK Berney

To: William H Huebl who wrote (22409)	7/27/1998 8:55:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Bill -Having seen your vgy trend lines from a previous chart you e-mailed. Have you made a lower trade channel line.This would connect the august low of 96 and the april /may lows of 97. I come up with a vgy turnaround somewhere at 457 range.May require more time than today - however listening to CNBC since "we've gone into a bear market" it might happen in the first hour. Good luck on your call buying - sounds like timing is on your side again :-) I'm holding with confidence :-() on my buy the dip tech stocks.