Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (22666)	7/29/1998 5:41:00 PM
From: Oeconomicus	Read Replies (1) of 94695

Speaking of lisa's voodoo, the once popular indicator, trin-5, is far from signaling time to buy. At 4.80 after today's trading, it is lower than last Friday's very neutral 5.01. We'd need 2.36 tomorrow or a couple days above 1.63 to reach 6. It's only one indicator, but it sure doesn't support a bullish case. (Wasn't its last signal a sell?) Now, I guess some here are only calling for a near term, oversold rally, but I have to wonder, with so many calling for it, does that make it more or less likely? Bob

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