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Strategies & Market Trends : Waiting for the big Kahuna
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To: IQBAL LATIF who wrote (7069)10/24/1997 9:15:00 AM
From: Cynic 2005  Read Replies (1) of 94695
 
Ike, Boonie is a "she." BTW, what are the false signals you are talking about? Bull traps or bear traps? Yesterday one of the key indicators I watch turned extremely bearish.
Total new highs 121 and total new lows 131; Net negative of 10 new lows. A sign of exodus from equities.
After this signal, you won't have much time before the mass exodus begins. Of course, we need two more confirmations in the next 5 trading days or so.
-Mohan
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