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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (33699)11/14/1998 7:30:00 PM
From: donald sew  Read Replies (1) of 94695
 
LG,

Darn, the next thing that will happen, is that the Cleveland Browns will leave town.!!! gggggggggg

I did more research on the NEW HIGHs/NEW LOWs, and I should qualify it by saying that such occurs after a significant runup. I did not say that previously, but that was what I meant in light of comparing the current situation.

Another thing I am looking at is with the criteria of NEW HIGHS under 100 and NEW LOWS in the 10-50 range for a month, what happens after a rebound after a correction of 5% or more. Not done yet since I still have about 13 years more of data, but so far it is a bearish continuation signal.

Seeya
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