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Strategies & Market Trends : Waiting for the big Kahuna

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To: Jay8088 who wrote (33068)	11/5/1998 2:59:00 PM
From: Terry Whitman	Read Replies (1) of 94695

<<I am not sure that internals are all that strong. The SPX etc. indexes have retraced 60-70% or more of decline. But A:D line has barely retraced 30% of decline from the top. decisionpoint.com In terms of A:D we are at DJIA 7000 level (on the way up, before 7/20 top).>> At that same address, they explain how to pick top and bottom A/D divergences. The following links show bullish bottom divergence- where the A/D makes a lower low, yet the price makes a higher one: decisionpoint.com and decisionpoint.com That is not the case with the current chart. The current chart sets new lows for both A/D and price in early October. I'm no A/D expert, but I believe that is a confirmation of a bearish trend. BWTHDIK (I know I've missed out on most of the bull run from the last low!!) TW

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