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Strategies & Market Trends : Waiting for the big Kahuna

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To: kahunabear who wrote (3933)	8/12/1997 8:41:00 PM
From: Tommaso	of 94695

Before it recedes any further into the murky past, I want to claim credit for coining the word "dipsters." I have just invented an indicator that I call the "dumpster-dipster ratio." You take the percentage of specialist short selling (currently 43%) and you divide it by the percentage of odd-lot shorters versus odd lot sales (currently about 5%) and you get the result (currently about 8.6%) and you multiply that by 10, and you get 86 right now. Anything over 50 is bearish. At the bottom of market you get speculative short odd-lot selling that is very heavy and low specialist selling that will give you a range of maybe 10 to 100. I admit I haven't worked this out historically. But I think it is a measure of the probability of a bear market. So I consider that we now have about an 86% likelihood of a major God-awful bear market. Maybe Joe G. can get out all his historical information and check out how well the Dumpster-Dipster Ratio works (hereafter known as the DDR). But I want credit for inventing it. (If the market tanks. If not, I will pass up the fame.)

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