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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (45039)	12/12/1999 10:25:00 AM
From: dclapp	Read Replies (1) \| Respond to of 94695

Bill, All good points...thanks. I'll add a non-technical indicator. In the last couple trading days, the folks on Bubblevision have started to make a few snide remarks, and done some head-shaking about this mania. Even Kernan, as I remember, who once choked up and started talking about "what a great country this is" on a particularly huge short-covering (oops: BIG RALLY) day. This is certainly the "ultimate indicator" and a sure sign that the AntiChrist will soon be here, the total destruction of everything we know is coming, dogs and cats...living together, warm beer and all kind of other nasty stuff. JMHOBWDIK, of course... regards, doug

To: William H Huebl who wrote (45039)	12/12/1999 1:57:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 94695

Thank You Bill, >>Stock Market Logic by Norman Fosback << You are the second one to suggest Fosback for work on market sentiment. Another sentiment measure that I've read about is unusual and uses the Trin/Arms Index as an overbought/oversold indicator by using a 10 day simple moving average.... 10day sMA Below .75 = overbought... If in additon, the previous one-day reading exceeds 1.20, an immediate correction can be expected. 10day sMA Above 1.20, the market is oversold; if in addition, the previous one-day read is below .65 , an immediate corrective rally is called for. Ever Used this? Chip