Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nicewatch who wrote (39430)	4/10/1999 6:33:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Frank, I put together an interesting chart last night... the DOW industrials going all the way back to 1972. I found a two-tiered trend with us near the upper trend band now. The neat thing is this... would could go as high as 11,100 without violating that upper trend band. Who would have thunk it? Bill

To: nicewatch who wrote (39430)	4/10/1999 9:31:00 AM
From: William H Huebl	Respond to of 94695

THIS TIME IT'S DIFFERENT, Frank! That's the only thing I can say here... that makes any sense because my indicators make no sense at all: - Must actives show we should have a VERY strong move up each day but Wednesday; - Oddlot short sales say we should have a down market; - SCY ratio (.92) says we should have a crash underway; - Open Interest option ratio for equity calls divided by index puts is around 16::1. This is high and where it has been for the last month or so but not over 20 yet... - LNHNLs got as high as 97 - a real disturbing figure (bearish); - Sentiment readings are bullish but not not disturbingly so; - Traders' Commitments are slightly bullish (gold is getting VERY bullish in my view); As I told you in my prior post... would could go as high as 11,100 and still stay within trend limits. But YIKES!!! Maybe oil or Yugo will be the iceberg that gets this unsinkable market??? Bill