Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (23675)	8/8/1998 8:00:00 PM
From: Monty Lenard	Read Replies (1) of 94695

Bill, I just applied another template to the VGY. Stochastic RSI 8-5 gave a buy Friday, Stochastic RSI 14 will cross the signal line Monday if it goes up, and RSI 10 Crossed the 13 Day Exponential to give a buy signal Friday. Hmmmm! Think I see what you mean. The thing about the other template that I sent you is this: It is slower getting you in but it will not whip you out. What to do....What to do... I honestly FEEL like we are up from here for a couple of other reasons. Even though the New Highs New Lows were still bad Friday and the new highs did not increase, the New Lows did DECREASE considerably(cut almost in half from previous days). Now, what I have been considering is this, with the downtrend we have had for the last week or so, it will take a while for the New Highs to start showing up again but the New Lows should be an IMMEDIATE indicator that maybe we have a bottom. BWDIK Monty Monty

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