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Strategies & Market Trends : The Stock Market Bubble

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To: Les H who wrote (811)	7/26/1998 3:12:00 AM
From: Moominoid	Read Replies (1) of 3339

I have now a weekly 1-99 sell signal on the Dow/NYSE. The 14-week Stochastic fell 45 points from 98 to 53 for the Dow, from 99 to 69 for each of the S&P 500 and the Nasdaq. This indicates momentum increasing for downside movement. I haven't seen a drop in weekly stochastics like this since April 97 and two of the several drops in 1994. What were these statistics like in October 97? David

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