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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (19741)	6/4/1998 6:41:00 AM
From: William H Huebl	Read Replies (3) of 94695

Bob, Two of my really dirt-dumb indicators are the 17 day weighted MA and the 144 day time series MA. - except for very short transitional periods, the DOW normally stays on one side or the other of the 17 day MA for weeks on end. Currently it is UNDER the MA; - looking all the way back to 1994, when the DOW breaks below the 144 day MA, it stays there 4 - 6 months at a time. That current breakdown occurred in early May. We are at least a week away from a bearish setup formation on my Zwieg indicator and should be another 2 - 3 weeks from a trigger. It could be 1996 all over again! Bill

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