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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (30145)	10/13/1998 6:21:00 PM
From: Bull RidaH	Read Replies (1) of 94695

Vitas, >>it seems to me that you need a technical air pocket<< Notice the "technical air pocket" that was created on the '29 McOscillator on the post-peak backside rally (late Sept'29) just before the crash in '29. Notice that the Oscillator (not the summation) actually exceeded the highs made at the peak of the market climb in early Sept., '29. decisionpoint.com Now, compare that with the current McOscillator chart, and you'll notice the same conditions exist. Our post-peak backside rally began on 9/1, and completed on 9/29. decisionpoint.com I believe you were correct about the need to see a much more negative Summation Ratio before the bottom is in. What are your updated thoughts on that subject? Regards, David

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