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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (16866)4/19/1998 9:32:00 PM
From: Vitas   of 94695
 
[Summation Index]

It's worth examining this triple declining peak pattern in the summation index in the following time periods:

3rd peak in:

July 1977 at 2750
August 1987 at 1500
August 1992 at 1700
February 1994 at 2000

The current third peak at 3000 is the highest level in these
examples. McClellan oscillator students would ordinarily say that
once the summation index goes over a certain level that indicates
a sustained move, but I'm not sure that would apply once
the third peak starts rolling over. (???)

Vitas
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