Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (11943)	12/20/1997 12:29:00 PM
From: Joan Osland Graffius	Read Replies (3) of 94695

Bill, >>AT NO TIME IN THE DOW'S HISTORY FROM 1973 (the earliest info in my database) through now have we had the equivalent of the sell-off that started in AUGUST 1997! I have been looking at the old DOW topping out charts also. Your take on 1987 is true. In 1987 the DOW did not recover as close to its high as this one has. One thing that should be telling is the Advanced Decline line, but I do not have the data to look at that indicator. During the topping out period the AD line in 1987 took a steep decline and stayed fairly steady untill the big day. But it certainly broke the trend line. Who knows where this thing is going. I certainly do not. But the interest rate environment is much more friendly now than then and could help these markets act differently. Joan

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