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

To: ViperChick Secret Agent 006.9 who wrote (15087)	3/16/1998 7:52:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

Lisa, Whence comes the 5 day alert or is it something like the VGY signal? Bill

To: ViperChick Secret Agent 006.9 who wrote (15087)	3/16/1998 9:41:00 PM
From: bearshark	Respond to of 94695

Lisa: The 5-day ARMs works differently in an up-market than it does in a sideways market. The ARMs is providing very good information on the market now. From 1/23/98 at 7700 up to today it has been confirming that we are in an uptrend. Since that date, there have not been two consecutive days with the ARMs daily index above 1. In general, the ARMs index shows whether volume is going into advancing or declining issues. At this morning's start of trading the ARMs was at .49 indicating that people couldn't get enough of the advancing stocks. It finished the day at .83 Tonight the ARMs 5-day has given another sell signal. At this point, I am not using the ARMs to indicate turns in the market. However, I currently use it during the day to gauge the strength of the market. If it begins to move above 1 again, I will take notice.