Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (22121)	7/23/1998 7:49:00 AM
From: Vitas	Read Replies (2) of 94695

The Russell 2000/SPX ratio, at .3874, believe it or not, is very close to reaching a level not seen since November 5, 1990 when it was .3855. It rallied from 1990 to the peak reached on March 25, 1994 at .5769 and has been in a downtrend since. I know ratios tend to respect trendlines, but I don't use them enough to have an opinion as to whether we may have a double bottom in the making. You would think that after being in a downtrend for 4 years that it would at least want to try to make a goal line stand here. My Russell 2000 data only goes back to 1988, so if someone has data further back they might want to see if this has happened before and what the resolution was. Vitas

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