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


To: Moominoid who wrote (36738)1/25/1999 7:08:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
David,

Tried to get back to you earlier but my computer issued a "low resources" warning and crapped out on me. As you can see, I've fixed that.

My concern about your last post is that you seem to rely on one indicator! You may want to consider more than that. For example, this morning:

VIX says a couple more down days

The 200 day ratio is telling me we are VERY close to a bottom - probably 1-2 days.

And the ZW20 indicator I use has come off "sell" and shows some signs of life to the upside!

Even our old buddy VGY is showing some signs of strengthening and I actually have a buy on one plot of it... not to be totally relied upon, of course!

Jim's market leader, BRKA shows signs of turning up.

So it is important to get a broad view of the markets from various perspectives... otherwise you will do all the dumb things I did when I didn't know any better. (I still do them, I just KNOW better now! <gggg>)

bill