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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 (25602)8/29/1998 1:43:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
Seems like every ones hopes are for a ralley that can be sold into. Fewer and fewer people are saying we are at the bottom.

Watching and waiting for the spikes is just bull market buy the dips upside down.

I think that we are in short and hold time instead of buy and hold time.

"Buy the dip" used to be a very forgiving method. One could afford to misstime the market and just wait for the next move up.

"Sell the spike" now seems to be the forgiving method.

Gersh



To: William H Huebl who wrote (25602)8/29/1998 8:49:00 PM
From: Darrin Vernier  Read Replies (1) | Respond to of 94695
 
Bill wrote: "The DOW 144 TSMA is down and the DOW is below it."

Try a 144 SMA, a 288 SMA, and a 432 SMA. The 288 defines the first leg down, the 144 the subsequent retracement, and the 432 is where we are almost to now. The 288 pegs the October and January declines quite closely as well. Interesting.



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