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To: elmatador who wrote (103266)	8/25/2001 8:24:29 AM
From: Robin Plunder	Respond to of 152472

Touche, elmatador.....I guess he is waving a red flag, so all bulls must respond...:) I wonder if there are any examples in history in which the ten day moving average of the arms index has passed above 1.5 three times within one year or so. 1962 had an example of two events within 5 months or so, and Zeev Hed has commented that there are other examples of two events in close proximity....but are there any examples of three events? If not, that would lend some confidence to the idea that we may have a bull market resuming at this point, which could extend for a significant period of time...maybe this is why Hays is hedging on his previously bearish comments about next year. Just a thought...don't want to get too carried away here...keep an eye on the indicators for possible negative action, but in the meantime (ST as marginmike says), the arms index tells us to look for bullish action. And for all of us still here after the last year....what have you learned over your ~summer vacation~? Robin