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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 (30116)	10/4/1998 10:15:00 AM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 94695

Bill, #reply-5907509 Now you tell me? Just kidding, I don't think it would make any difference if I printed this on the front page of the Wall Street Journal as the greatest thing since sliced bread, people will do what they want to do, and I'm glad of it. I'm not trying to hype it or sell it, just sharing some info on what works for me. Why 25? It seems to filter out near term noise, the minor zig zags that cause emotions to dominate our trading strategies. In other words, it ignores the minor zig zag corrections in the general overall trend and tells when a turn is imminent before it appears or becomes obvious on the chart. At the same time, 25 days is still surefooted enough to call a turn before it happens. 25 days allows it to be quick enough to be both reliable and early without losing integrity for a valid signal. Also, there seems to be a general 25 day, or so, cycle which seems to fit here. Besides, it works. Heck, beats me. GZ

To: William H Huebl who wrote (30116)	10/4/1998 10:21:00 AM
From: Philipp	Read Replies (2) \| Respond to of 94695

The G7 meeting triggering a rally? Ordinarily one would expect that, when the G7 come together to discuss solutions to the world economic crisis, this should be good for a rally, possibly a significant one. I think that this G7 meeting will disappoint the market: apart from Brazil no concrete actions, just a lot of encouraging words and a lot of wishful thinking. The reason why there will be no concrete actions becomes clear when one reads between the lines: there is apparently a lot of disagreement among the G7 on how to deal with this global crisis. In particular, Tietmeyer, head of the Bundesbank, and Greenspan, the two most powerful bankers in the world, seem to be at odds on interest-rate policy and the role of the IMF in dealing with economic trouble spots. I am also amazed how, when the rest of the world is correcting/crashing (Germany now down more than 35 %), stock markets are coming down to more reasonable levels, sometimes even offering bargains now in blue chips, the most overvalued market of all, the U.S., is still flirting with Dow 8000, several thousand points above reasonable valuation. It seems that the new paradigm is still very much alive in the U.S., while the rest of the world has already abandoned this form of self-delusion. I don't see how this global divergence of markets can resolve itself except in the form of a crash. The Plonk/Stern scenario looks very probable to me, not necessarily in its details or the exact timing, but the magnitude of the downturn. With the rest of the world, developed as well as developing markets, in rapid decline, even Greenspan with all his finesse won't be able to stop it. Good trading to all, Phil