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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 (14467)	3/1/1998 8:47:00 AM
From: P.Prazeres	Read Replies (1) \| Respond to of 94695

Bill, I think there is a pause in store. The transports are no longer participating and the action in the final hour of trading on Wed, Thurs and Friday (see charts on Page MW6 of Barron's) tells me that some distribution was occurring on Thurs and Friday...but then again the volumes on all exchanges were impressive on the upside. I do agree that other indicators still point up but I'm not as comfortable saying "UP" as I was in mid-January. Paulo www3.edgenet.net

To: William H Huebl who wrote (14467)	3/1/1998 9:54:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bill, my experience with mechanical indicators is that they best work in a given trend were you fine tuned them. In other words if you have a set of indicators in an upside move, they will not work in a side ways move and vice versa. Same will apply to bear markets. As a result sentiment is of substantial importance, as are fundamentals, or better said "accepted fundamentals", which bring us back to the irrational thinking, which tries to explain "irrationality" with rational clauses. Oh well I do not own a crystal ball <;'( Sounds confusing oh well that is the human nature <ggg> BWDIK Haim