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

To: bobby beara who wrote (18268)	5/9/1998 7:40:00 PM
From: edward miller	Read Replies (1) \| Respond to of 94695

Bobby, I am watching the McClellan Oscillator and have been aware of its behavior for many years. (At the moment I am fully invested.) However, I think it is worth pointing out that the buy spike may not be as short as you seen to think. The market could reverse on Monday or Tuesday to retest the recent lows, as it often does, and still form an oscillator buy spike. There are no guarantees that we will have "Blue Skies" this week. It could be next week. Also (I almost don't want to say it) there is a remote possibility that the market could sell off to a lower low on the oscillator, which is rare. If this happens, the price action required to do that would surely signal the beginning of a serious decline. I don't think that will be the case right now. Nothing in the market is easy. Ed Miller