Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Syd Deem who wrote (28969)	9/25/1998 7:39:00 PM
From: bobby beara	Read Replies (1) of 94695

Syd, there is a description of the McOscillator on that site. Poke around. I believe it is a great short/medium term trading tool - however, you must follow it for many years to find it's nuances and I have only been following it for about a year now. In a trading range market +100 is overbought and indicates you are nearing a market top. If you are starting a new leg up a +100-200 is an initiation power stroke that sets an uptrend for weeks or a couple of months. This is the question now. Is the peak reading on the oscillator a power stroke from a washout low that is setting us up for the next bull leg or are we now in a range trading market and are going for another leg down from this overbought situation. I vote latter. bwdik, bb

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