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Strategies & Market Trends : Waiting for the big Kahuna

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To: Nancy who wrote (19052)5/26/1998 7:28:00 AM
From: donald sew  Read Replies (1) of 94695
 
Nancy,

>>> one way to check the period when the ST indicators not working well is to see the New High/New Low ratio and also the actual numbers of New High and New Low. May be you can see the New High/New Low negate some of the ST indicators (since the New High/New Low seems to be one of the best indicator of underlying strength/weakness of the overall market ???) <<<

I have to give you alot of credit for helping me several months ago with the NEW HIGH/LOW indicator. I have also noticed that.

The one thing that is interesting is that when the NEW HIGHs get this low it normally means that we could bounce to the upside. Since my data only goes back one year I cannot see how it did during bear markets. If it continues down alot more, it could indicate that we may be in a transition period of a more intense bearish market.

Seeya

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