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Strategies & Market Trends : Waiting for the big Kahuna
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To: Vitas who wrote (35642)12/24/1998 7:47:00 AM
From: Kip518  Read Replies (2) of 94695
 
By this time we are probably wasting our breath telling you, but it is vitally important that we do tell you that the past few days , the S&P went to an all time closing high for three consecutive days accompanied by a negative McClellan Oscillator on all three days and also accompanied by a negative ratio adjusted Summation Index on two of those three days. That has never happened before, since 1929. The pieces are piling up telling us that this is 1929 or worse all over again. Unfortunately, we cannot yet be confident if we are going to
top here, or see the projections that we just gave you (the significantly higher levels) being met over the next several weeks.

Peter Eliades
Stockmarket Cycles
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