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

To: bearshark who wrote (17126)	4/23/1998 1:49:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

The trouble with "three steps and a stumble" is that there have not been any steps at all for an awfully long time. Maybe one step will be enough. The Fed ought to have raised margin rates at least a little if they really ever wanted to show firmness about excess in the markets. (That's one of the possible "steps", at least in the Fosback Stock Market Logic schema.)

To: bearshark who wrote (17126)	4/23/1998 7:34:00 PM
From: Vitas	Read Replies (1) \| Respond to of 94695

I was privileged to know an older semi-retired stockbroker bon vivant starting around 1978. He wasn't my broker at the firm where I was trading, but he spent a lot of time teaching me about the market. His favorite hi tech analysis technique was to take a dozen of the latest market newsletters to the Ritz-Carlton where he would circle in red ink what he thought were the highlights in each letter. I would then get copies. He called key intermediate turning points quite successfully by picking out which writers were making significant points that were germaine to the situation at the time. He always said that none of these market prognosticators were right all the time, but some of them had a good handle on the market at various times. The Zweig Forecast and Market Logic by Norman Fosback were two letters that monitored the stumble indicator. Vitas