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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: LTK007 who wrote (7534)11/25/2001 4:47:56 AM
From: Psycho-Social  Read Replies (1) of 99280
 
Coming Correction:
I'm currently using 1yr Nasdaq Business Sentiment as my primary leading indicator & it leads by 2 1/2 to 5 weeks. Generally, my contrarian indicators show a Market (S&P and Nasdaq) that's quite overbought, but during the year I've been using 1yr Nasdaq Bus Sent, I've found that it's almost impossible to get a correction of over 10% while it's still rising. Not sure how or when the divergent signals will be resolved, but it doesn't seem likely that we can go down 10% unless/until 1yr Nasdaq Bus Sent drops first. For the past week, it rose to a new post-Sept high.
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