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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (64521)9/27/1999 6:38:00 PM
From: donald sew  Read Replies (5) of 86076
 
Heinz and all,

WARNING --- EXTREME CAUTION --- WARNING --- EXTREME CAUTION

As you know I normally do not make strong comments, but I need to come out with this severe warning.

I realise that many are expecting a blow-off top, but I have noticed something, and its with the NEW HIGHs/LOWs. I have gone back 30 years again and I have noticed that the NEW LOWs have not been around the 200 range for such a long time, except during the bear market of the early 1970's.

This warning should not be used as a turning/pivot point, but my suspicion is that within approximately a month, things could get very nasty.

So far the NEW LOWs have been the 200 range for about 1/2 month.

I do have to admit that this is not statistically viable, however I have been examining the NEW HIGH/LOWs long enough to feel that it is still a viable warning signal.

If the NEW LOWs improve and gets back near 100 or better, then this warning will be negated, but if it continues to stay in this range - CAUTION!!!!!!!!!!!!!

Seeya
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