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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (1019)	4/26/1998 6:12:00 PM
From: Gary Burton	Respond to of 1551

Re the Weekly 5/35 Osc----back in 97 leading up to the 8299 peak, the weekly never gave a lower weekly osc reading. It peaked at a reading of 935 right in the week of that imterim top and the DJ then went down 16%. The current thrust is throwing off very similar lost momentum signs (the daily peaked in mid Feb).. As of last Fri., the weekly osc reading was up to 884. But, if one goes to What If and inserts this week's range as being equal to last week (9020--9213), then the weekly osc reading for next week rises a trifle to 895 and the week to week add on is slowed to a crawl, suggesting that 935 may actually not be reached. this time. Leads one to be on guard for a major trend change very soon. If so, and the osc turns back down, it will be the FIRST failure of the weekly osc not to take out the old high reading. in many years. So, in that sense, if it indeed falls short in here and then reverts to zero, it may well signal that the tide has turned. Something to watch in the next few weeks, although I'm sure the permabulls won't notice.