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Strategies & Market Trends : Tech Stock Options
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To: Nemer who wrote (43905)5/27/1998 3:33:00 AM
From: Suresh  Read Replies (1) of 58727
 
Oh.. Nemer,

I was just about getting ready to go to bed...well your post made me laugh and made my sleep go away :). I was afraid of posting this since I knew that vodoo queen will be asking many questions...:) I should have been more clear in my previous post (bummer ..). For my daily dose of technical analysis I relay on a local business channel.

1) According to the technician, major crashes/bear market occurs when McClellan summation index becomes -ve. Following link will give a pretty good explanation;

decisionpoint.com

This should give a list of sites with related info;

altavista.digital.com

2) Low volume:

I associate major volume surges to indicate a change in the trend. As far as I am concerned, the billion plus volume on the NAS (Apr 98) indicated a trend change. Change in trend or bottoms I was talking about are wrt volume during 96, 97 NAS bottoms. So, unless I see real reversal associated with high volume I assume it to be a DCB and will be playing the market from the short side.

Oh BTW, I am one of those who believe in KISS (keep it simple stupid) and hence don't relay on all fancy technical indicators.

Ok, I'm stupid.

I won't believe it in my life time :) Nemer...stupid ...No way! By any chance is it Apr 1st in some calendar ?

With apologies if I offended anyone,

Suresh
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