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

To: epicure who wrote (17963)	5/5/1998 5:12:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

Heh heh heh ... I wonder how many takers she got on her newsletter. Actually when she reversed herself last time it wasn't a bad call. Anybody know how her picks have done since that time?

To: epicure who wrote (17963)	5/5/1998 5:15:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 94695

I am waiting until there is a margin of about fifteen of the 37 or so indicators to confirm that the bear market is actually under way. The long-term indicators have been fully bearish during most of the last eighteen months. I figure when the real slide is under way a whole raft of them will go negative--short, medium, and long. Some seem obsolete--for example, the norm for treasury bills rates and long term bonds seems based on interest rates prevailing during the inflationary decade of about 1975-1985 and the indicators based on these seem skewed. My idea is to try to reconstruct something like the Wall Street Elves of the 1970s, which were strictly technical indicators. I think the elves of today are mostly a bellowing herd of people.