Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (20103)	10/2/1998 7:00:00 AM
From: bearshark	of 94695

5-Day ARMs confirmation. In the note I am responding to, which I have also posted below, I provided some of my very basic rules on the 5-day ARMs. One of those is a call against the trend. Message 4827484 Although the 5-day ARMs is generally unreliable, incorrect calls against the trend tend to confirm the trend. This was the case in the early 1998 up-trend. For the past few days, the 5-day ARMs has been giving a buy signal and confirming the downtrend. Although no one indicator is valid by itself, this provides further evidence that the trend is down.

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