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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (37853)	3/2/1999 10:07:00 PM
From: RJL	Read Replies (1) of 94695

Interestingly enough, I got the Pitbull Investor newsletter a few minutes ago, and it was talking about how they are predicting the decline to go on in the Nasdaq for the most part. The damage in the Dow and the SPX should be minimal..."the broad market is really in pretty good shape...." Yikes. Then this was posted: CBOE PUT/CALL =.55 right on the line towards bearish OEX PUT/CALL= .81 bearish today...first time in a while. FLOOR TRADERS=bearish, (they are usually right...they earn their livings this way!) VIX=neutral McCLELLAN OSCILLATOR= -27..improved, needs to get above zero. McCLELLAN SUMMATION= -1048, dropping....Slow to move, this indicator is on the wrong side of the ledger....needs to turn soon. PITBULL CRASH INDEX= -10. BEAR ALERT NEW LOWS, NYSE=over 40 again still -83 Yesterday OVERBOUGHT, OVERSOLD INDICATORS -near bearish Doesn't seem like a healthy market to me. BWDIK? Richard

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