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Strategies & Market Trends : Waiting for the big Kahuna

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To: epicure who wrote (17963)5/5/1998 5:15:00 PM
From: Tommaso  Read Replies (2) of 94695
 
I am waiting until there is a margin of about fifteen of the 37 or so indicators to confirm that the bear market is actually under way. The long-term indicators have been fully bearish during most of the last eighteen months. I figure when the real slide is under way a whole raft of them will go negative--short, medium, and long. Some seem obsolete--for example, the norm for treasury bills rates and long term bonds seems based on interest rates prevailing during the inflationary decade of about 1975-1985 and the indicators based on these seem skewed.

My idea is to try to reconstruct something like the Wall Street Elves of the 1970s, which were strictly technical indicators. I think the elves of today are mostly a bellowing herd of people.
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