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 (23999)	8/12/1998 7:40:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Monty; Roger on the depth recorders sometimes giving a poor reading on a soft bottom..hmm we use to adjust the sensitivity a bit to check for that. I hate to ask but can you tweak the major scans you made yesterday say just the NYSE , S&P500 , and Nazdaq, down to a 10 DMA. Maybe a shorter wave length will confirm or disqualify the 20dma. ------------ (1) You remember I said I would have thought it to be worse, than it was. My Radar fix don't jive with the depth recorder. (2) While the 20DMA didn't set a lower low, and nor did most of indexes we had a mean selling price ( average price ) that was indeed lower than the last low. Also the tick avg was below last wed. A 10DMA may be helpful. Jim

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