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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 (23682)8/8/1998 2:35:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Bill,
OH goodie!!You know I like that chart!
I know it did well in the past,but was it late on this last downturn?Under what conditions does it signal the best triggers?
When I bought my calls I thought the market was waaay oversold AND my psych thingies said we would "have" to rally.But alas,I was too early and am in the red now...we would have to get through 560 on the oex to make me happy with the position.
Just a thought...If we can rally with a rotation into the rut and the naz it could get fun again.BUT, if a lot of other indicators and indexes don't at least try and keep up then we could see a very nasty BK?I can not argue a case for a bear market...from where I sit business is doing great and can't hire enough qualified people.Sure,there may be a couple of sectors that are or will weaken,but overall growth is in tact...no higher rates and no recession around the next corner.It has been noted that a blow off top comes with wild speculation/overvaluation and a topping in the small/midcaps.Guess that means we are only "half" way there...dow 16000!<GGGG> Maybe I am getting old,but I think I will borrow a hard hat to wear when I trade over the next couple months..just in case!

Regards,
Barbara

PS...Lil bro out playing golf so I am playing on the computer,trying to avoid working out. ;