Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: joe smith who wrote (20320)	6/14/1998 9:34:00 PM
From: William H Huebl	Read Replies (3) of 94695

JS, Here is how that chart was built: I use the binary wave from Equis software which sums 4 different indicators as bullish (+1) or bearish (-1). Therefore, the indicator can range from -4 to +4, depending on the state of the indicators which make it up. Now I go one step further: I take the binary waves from 5 indicators: the % over 200 day MA, the 52 week avg of new Hs/new Ls, the a/d, the McLellan summation and the VGY AND SUM THEM TOGETHER WHICH IS ONE OF THE TOP GRAPHS. The other is a series of indicators, different from the binary wave, but calculated in the same manner and summed from 6 different indicators and indices. The theory here is more is better... and that if the techies are responding to the various indicators then watching a sum of them will, in some small way, somehow indicator the potential trades from that substantial group! Looking at the patterns of those top two indicators should convince you that AT LEAST they are in synch with the markets and perhaps even foretell of things to come in some small way. To me the divergences are clear and are setting the markets up for a major and strong move up. BWDIK? Bill

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