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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (26584)9/5/1998 9:59:00 AM
From: HairBall  Read Replies (2) of 94695
 
Bill: I have examined this sell-off very carefully and in some respects it has been "stronger" (whatever that means... indicators went further) than anytime in my database back to 1970.

Bill, I am experiencing a similar occurrence. However, my personal indicators have been altered over the years. (Due to Cap Gains tax law changes.) As, I am sure you are aware, it has to do with the rapid decline.

And, I agree about nearing a pivot point for this move down. Of course the signal has not come yet, but I see it coming. To negate this, the market would have to break strongly to the down side in the next day or two.

The market gave clear signals that Friday would be a down day. The signals for Tuesday are not very clear to me, yet! I will be doing further analysis!

BWDIK
Regards,
LG
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