Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bull RidaH who wrote (14410)	2/26/1998 9:52:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 94695

david..... pretty harsh!!!! but I have puts...so I will be watching very carefully.... keep us tuned in please..... I agree with you about going down this week..BUT you are pretty drastic for these two days... I HOPE YOU ARE RIGHT!!!!!! you and bearshark turned me onto the 5 day trin...BUT...what are your parameters....Bear was telling me under 4 neg and over 6 positive???? Ps I am putting your post on a couple of threads....

To: Bull RidaH who wrote (14410)	2/26/1998 10:15:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 94695

If the 5 day Trin gives its typical buy signal for the next leg of this bull run, which is a reading of 6 or better, then we definitely have a radical short-term selloff ahead. okay...just read your stuff again....you use over 6 for a buy signal as well....BUT when the trin is over 6 it is time to buy.....and under 4 time to sell... BUT doesnt it give a bit of a false signal IF IF IF you say...well once it goes over 6 it isnt time to buy yet...we wait for a sell off which changed the trin anyway???? unless you are saying we need a radical sell off TO GET TO 6..

To: Bull RidaH who wrote (14410)	2/26/1998 11:47:00 AM
From: Barbara Barry	Respond to of 94695

David, I appreciate your posts and have a question.I have not seen the trin indicate a sharp sell of yet,as you seem to think.How did you come up with 6 today???And I would doubt anyone would pre announce this week.Even next week would be a bit early.BWDIK TIA Regards, Barbara

To: Bull RidaH who wrote (14410)	2/26/1998 10:28:00 PM
From: bearshark	Read Replies (1) \| Respond to of 94695

David: Although I do not use Elliot, much of what I do use is confirming the action you have been noting during the past week. In note 14328, I posted some volume analysis of advances and declines on the NYSE. The analysis shows that the broad market was weakening coming into this week. I also expected a useful correction so that I could set some new positions. However, the rally resumed yesterday--one or two days earlier than I expected. Yesterday's strength in advancing issues was not that impressive. However, today's was much better. This should be indicative of a further rally. Since 7700, when the rally began before the ARM's 5-day index was ready, I have considered this market to have reentered the primary bull market trend that we were in for the past several years. You noted the DJT as a concern. It also concerns me. I believe tomorrow will be an important test. It should not drop any more than about 20 to 40 points before rebounding. If it continues to drop more than that I would be very concerned. I am happy to see that you have not given up on the ARM's 5-day index. It has changed its language but it is still a very good indicator. By staying near or under 4 for so long, it is now showing how strong this rally really is. I also keep the ARM's 5-day for the 30 DJI stocks and it is even stronger for them.