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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (18267)5/9/1998 7:45:00 PM
From: donald sew  Read Replies (1) of 94695
 
Bobby,

Jerry Favors sited the same example of the McClellan Oscillator as a factor for the strong move which should occur this week. But he also indicated the worry of the divergences of some major indexes.

It is possible, but I still feel that the divergences of some of the major indexes will limit the up move to 9200-9300.

Per your chart, during the "WARNING SHOT" which occured in Aug, was there also as many divergences as it is now. That may be the key.

Seeya
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