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Strategies & Market Trends : Waiting for the big Kahuna

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To: robert b furman who wrote (19205)5/27/1998 6:27:00 PM
From: Bull RidaH  Read Replies (1) of 94695
 
Bob,

Thanks for the informative followup on the guages we're watching...very helpful!!

The Bradley indicator's turning point of May 29th (+/- 1 day) can be seen in the subscriber area of this website (trial subscriptions are free):

astrikos.com

5 day Trin readings are based upon the CLOSING trin reading of the prior 5 days, which is why I believe we HAD to rally strong into the close today....(It isn't time for the buy signal yet).

I think your theory about the turn not coming til next week holds alot of water, and Monday would be very much within the time frame targeted by the Bradley, and a good capitulation opportunity for the Bulls. I'm thinking the 5th wave down of C could run us right into the low 1060's on the S&P, where we find the ultimate bottom of this move early next week.

Regards, and keep up the good work!

David
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