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

To: Barbara Barry who wrote (32974)11/3/1998 2:47:00 PM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
BB,

Yeah, it has dropped 4-5% now... will take another couple of percent to double.

Bill

PS I voted, did you?

PPS I expect DOW to drop like a rock now if it doesn't regain 8,700!



To: Barbara Barry who wrote (32974)11/3/1998 4:27:00 PM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
BB,

Interesting day... did you get in?

Do you see that H&S on the minute charts for DOW? Could result in a 50+ point sell-off at the opening tomorrow.

On the minute chart, you can almost see the MMs buying their shorts back at 3, 3:15, 3:30, 3:45 and then at 3:55 (close orders, I guess). I estimate they pulled the market back AT LEAST 50 points in the last hour.

Bud dropped 1 7/8 points... was off as many as 3. Won't be long now (BWDIK?)

Bill


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