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Strategies & Market Trends : Waiting for the big Kahuna

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To: mozek who wrote (1513)6/26/1997 11:42:00 PM
From: William H Huebl   of 94695
 
Hi Mike,

Using GE as the market surrogate (which is why I am trying to buy GE puts) I find the verion of the forecast oscillator I have developed had penetrated to the downside, a trendline which goes back to March of this year. Also the 17 day TSMA has done the same thing. And the delta indicator developed from the Forecast oscillator is negative going down. Looking back over literally hundreds of situations similar to this in various stocks, have not seen one case in which the stock climbs. Mostly, they fall and big time.

The 68 point sell-off yesterday was the final straw which put many of the stocks and indices I follow into the BEEP mode with MACDs, Forecast oscillators and deltas in a sell mode.

BWDIK???

Regards,

Bill

PS Don't take my word for it... check it out for yourself.
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