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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (24889)8/22/1998 6:44:00 PM
From: bobby beara  Read Replies (3) of 94695
 
Vitas, why are so bullish on a market that is so pretty on the outside but ugly on the inside?

decisionpoint.com

connect the October peak with today on both charts.

>>>summation was already bear market oversold, at -2000. Usually the summation is at least zero and more like a 1000 or more<<<<

The summation has been skewed by the abundance of new issues in this bull market and needs to be adjusted to compare with previous epochs. I know of one such technician that has done this and the summation doesn't look so cooked on this basis.

bwdik,
bb
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