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Strategies & Market Trends : Waiting for the big Kahuna
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To: HairBall who wrote (32315)10/24/1998 1:08:00 PM
From: Vitas  Read Replies (1) of 94695
 
LG, one thing to pay careful attention to using advance decline
based oscillators is that sometimes they get so overbought that
they indicate a breadth thrust condition in the market where the
oscillator can come back all the way to zero or whatever while at the same the market keeps chugging up.

I don't think we are quite that strong yet, but we have reached strengths that are usually seen towards the end of the four year corrective process.

Vitas
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