Waiting for the big Kahuna Message Board

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert b furman who wrote (35985)	1/4/1999 6:13:00 AM
From: William H Huebl	of 94695

Bob, Interesting indicator is the relative strength comparator between DOW and 30 year bond interest... if a trend line is drawn back to 1995 on the lows (peaks cause I reversed the chart), EACH AND EVERY TIME (6 in all) the peak hit that line, the market moved up as much as 10% and then reversed itself and was the same, lower or in the same range 6 months later. So THAT fits in with the thought we should move up strongly here and then BK back down. To answer your question, the LNHNL indicator "rules" say that if the Lesser of the new highs and new lows get much over 50 for the NYSE, then you can expect turmoil in the markets over the next 6 months. What that means if all stocks are acting the same way, that LNHNLs should be low. If not, you have a market which is not unified and possibly with no clear direction! Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next