Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Robert Graham who wrote (18997)	5/24/1998 8:01:00 AM
From: William H Huebl	Read Replies (2) of 94695

Bob, Thanks for your post... I am concerned that many of my indicators show weakness at this time... IN SPITE of my projection of a close over 9300 this past week. One interesting indicator I tried on the NYSE-NAZ combo was the cumulative adaptive MA. What is interesting about it is not level nor direction (both negative) but that when it has signalled a down-trend in the past, the market hasn't moved up UNTIL after a breakout from the downtrend. Secondly, another indicator, based on the Zwieg Breath Index, is close to a setup before a "trigger" signal. These trigger signals have alway signalled a downtrend... the last one was one-day move down with an immediate buy signal there-after. This is an extremely interesting market right now... we are still under a buy signal according to some of my indicators but the fact that there is no clear direction from MOST of my indicators makes me very wary. Bill

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