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

To: HairBall who wrote (22711)	7/30/1998 8:40:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

With a 200 day MA - Timing a bottom is little tough to do.If the bottom was flat you could buy perfectly and be 200 days early.If the rise was equal to the decline you could buy perfectly and be 100 days early. So with a 200 day MA you have to be bold and I am almost getting paranoid writing this but here it goes - BUY THE DIPS P.S. VGY on a daily basis is experiencing one #ell of a dip JMHO Bob

To: HairBall who wrote (22711)	7/30/1998 10:00:00 AM
From: Moominoid	Respond to of 94695

I don't understand Hueb. I see a very short-lived rally just like before the crunch last October. Yesterday my autocorrelation statistic for the SP500 hit 1 which signalled a local bottom. So far the market is up today but it has often done that at the start. David

To: HairBall who wrote (22711)	7/30/1998 4:43:00 PM
From: William H Huebl	Respond to of 94695

LG and all, I KNOW this is confusing. I know you know the expression about controlling the pennies and the dollars will keep track of themselves. Well I view trading the same way... as long as you keep on the right side of the market from a SHORT term perspective, you will ALSO be on the right side long term. Things have been bearish for quite a while and, according to VGY STILL ARE. But that doesn't mean we can't have some strong rallies to take advantage of. And if it is WRONG, we are still right if we are on the right side of a move up. As I said recently, we are in a consolidation area which can last 3 - 6 months and it looks to me like we haven't broken out yet, ONE WAY OR THE OTHER! If this move up runs out, I will be out of calls and back into puts... probably BA puts. THAT way I can play both sides... and if I am wrong, I can STILL be right. IMHO, BWDIK, etc, etc, etc. Clear as mud? Bill