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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (13150)	1/14/1998 4:47:00 PM
From: P.Prazeres	Read Replies (2) of 94695

James, Trin is the Arms Index on the NYSE. I posted a short piece on it back in December...here is the link. Message 2952510 From another of my writings: "Those of you who get Barron's, please read the interview with Martin Zwieg (starting on Page 30, Weekend of Nov 2nd, 97)...it is an enlightening article. He mentions what happened to the Arms Index this past Monday (Oct 27,97) and the historical precedence set when this indicator goes to the level it reached on Monday....the average gain on the S&P is 28.9% in the 12 months following the type of level the Arms Index reached on Monday (Oct 27,97)." To me , it demonstrates the levelof nervous selling that exists in the market especially when it gets into the 1.50+ range. BTW, if you have a copy of that Barron's , read Martin Zwieg's interview...it is excellent. Paulo

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