Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (40263)	5/26/1999 8:19:00 PM
From: Moominoid	Read Replies (3) of 94695

SPX went down another day and turned on my buy signal on my other TA method (using a time series regression approach). Then it bounced up.... It's now back inside the 34 day BB. I can't find a strictly comaprable event since the beginning of 97. i.e. a more or less right angle hit at the 34 day BB from above sitting right on it for one close and and then falling through and spending a day below before coming back. SPX did something similar with the 34 week BB in Oct 98. It fell through the 34 day BB and stayed below in Aug 98 but that was a sideways glancing blow in a typical crash situation. Another indicator based on the regression one shows that this could be an important turning point.... David

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