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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (61564)5/3/2002 6:21:01 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
<<DICK ARMS ON CNBS -- SAYS YESTERDAY WAS HIGHEST ARMS INDEX READING ON NAZ HE'S SEEN -- (either ever or since June of 1999, I can't remember which). PARAPHRASE: "WE COULD BE ON THE BRINK OF AN EXPLOSIVE RALLY IN THE NASDAQ.">> i have to say this but Dick Arms index has been working as an extraordinary contrarian indicator since, he has been making this call for well over a year,over and over, and it is getting embarassing.
Max



To: augieboo who wrote (61564)5/3/2002 6:41:22 PM
From: Win-Lose-Draw  Respond to of 99280
 
DICK ARMS ON CNBS -- SAYS YESTERDAY WAS HIGHEST ARMS INDEX READING ON NAZ HE'S SEEN

I saw that. He said this went "all" the way back to mid-eighties. I'm a nobody and even I can backtest my data further back than that! LOL!

FWIW I think he genuinely believes it.


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