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


To: bearshark who wrote (13693)1/31/1998 11:40:00 AM
From: bearshark  Respond to of 94695
 
Hi again I2:

I forgot to mention one thing. When the current rally on the DJI started at 7700, the ARMs was at 4.75. It did not indicate that rally. Additionally, when the 4.0 was reached at the 7873 level, I only expected about a 170 point reaction. (I think part of the reason was because one of my support trendlines was at 7700). I began to sense a change in the market--not based on anything technical or fundamental.

I still have a sense of change so I would be careful in using the ARMs. See if it works a couple of times before you use it.



To: bearshark who wrote (13693)1/31/1998 12:41:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 94695
 
bearshark...

I am seeing gloom and doom for next week all over this thread...

so what have you got for the 5 day Arm for Monday?



To: bearshark who wrote (13693)1/31/1998 1:38:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Bearshark,
Thank you for the comments on the trin. I have mentioned this indicator before and many people thought it was worthless.But I use the vix with it and find both invaluable.Of course I use charts with many other indicators before opening or closing a position.Just bought a couple puts yesterday...hope I wasn't too early for a quick trade.

Enjoy your posts.
Barbara