Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: jjs_ynot who wrote (30123)	10/4/1998 10:41:00 AM
From: Pierre J. LeBel	Read Replies (1) of 94695

You can forget the ARMS indicator for a while since the number Friday was 0.71 bringing the 10 day average down to approximately 1.3, way off the 1.5 needed to indicate the potential start of a bull market. This 1.5 reading on a 10 day average would show an OVERSOLD condition which we have not reached just yet. Give it another 2,000 or 3,000 points on the DJIA (to the 5,000 - 6,000 range) and we may get the kind of reversal you are talking about. ... a few more weeks! Also, if you look at the long term chart quote.yahoo.com^STI.N&d=mym , you will notice that the current range is very small compared to the wide swings of 1987. Not to worry: we are in a bear market and there is no bull around the corner just yet. Have a very nice day. Pierre

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