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

To: Greg Jung who wrote (23283)	8/6/1998 6:42:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

GJ, <I don't think 1-2% in a day will scare anybody> At the low yesterday we were off between 1-2% AND VIX was up 2 more points showing additional fear entering the markets. The next part of my scenario everyone else is devising is now a move up to the 17 day MA around 8,900 max (best guess is 8,850). May happen as early as Monday and as late as next Wednesday. The next move is down to 8,650 by a week Friday... maybe a couple of days later and then over the next couple of weeks we may get back up to the level of the old highs. I don't want to try to get too much detail after that but we are entering B I G K A H U N A territory! Bill