Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (30596)	10/7/1998 11:16:00 AM
From: Terry Whitman	Read Replies (2) of 94695

I follow A/D and new highs/new lows also, but have found that my best indication of future market moves is the NASDAQ composite vs. it's 200 day moving average. I don't know why the +/-15% level serves as a limit, but it does. Probably has a lot to do with psychology. When the public gets overly bullish or bearish, it returns sharply towards the norm. The average did occasionally go higher than 15% in the bull run, but never more than 22%. Once the average crossed 15%, it ALWAYS returned to the 200day MA (or very near it). The more it exceeded 15%, the faster it fell back. Thus said, the -15% NAZ level is around 1490 at the present. I wouldn't expect the composite to exceed this level by more than 5% (1405)before rallying back to near the 200 day MA. OT- I spent a few weeks last summer in Sasebo, and found it to be quite pleasant. Wasn't knocking the Japanese people- they are quite nice. Americans are often just as sheepish. Not sure if they are ready to turn loose of their industrial society however. Regards, TW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next