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Strategies & Market Trends : Waiting for the big Kahuna

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To: P.Prazeres who wrote (5108)9/9/1997 6:38:00 PM
From: William H Huebl   of 94695
 
Hi Paulo,

Some of the simplest indicators I use are usually the best... Take something as dumb as the 17 day weighted MA... usually whenever an index or indicator is underneath that MA, the markets are headed down... especially if that has been the case for several days and, of course, vice versa.

When I look at % over 200 da MA, A/D, VGY, DJ-30 and even NAZ, I find even this simplest of indicators has been crying BUY for the last week... and even looking past these indications to more sophisticated indicators like year over year and a turning point indicator I use... they all are saying basically the same thing... BUY.

That is why I suggest that my previously proffered high for Sept be met by Oct 1... and that is over 8,500.

BWDIK?

Regards,

Bill
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