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 (15360)	3/28/1998 9:48:00 PM
From: Tommaso	Read Replies (2) of 94695

Well, Bill, I am glad that you agree with Haim because I did, too. Message 3872031 The MarketGauge indexes are a dispassionate, independent, objective set of technical measurements published day after day that may well provide a definitive marker to judge when the overvaluations of the present market are recognized and when the bear market begins. My read on them are that they do not yet indicate such a turn. The simple and direct procedure of counting up indicators on Marketgauge that are positive and those that are negative, and looking for at least a 2-to-one margin one way or the other, seems comparable to the old Wall Street Week "elves" indicator. When I do it this way and look at the available dates in the marketgauge historical index, I don't see that it's done this recently (by which I mean, the last few months--the only period where the historical data is available). But it's getting close to a very negative reading--figured in this way (adding up positive vs. negative indicators).

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