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

To: Vitas who wrote (18269)	5/9/1998 7:18:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Vitas the OSI pattern in 87 is kinda similar. decisionpoint.com A downtrend into the Sept low with the spike bottom warning shot the the leap to the peak and then off to the washout low. Wish I could get an 87 osi chart that was overlayed like the 98 one is just for fun and comparison. So is our washout low gonna be 8000, 7000, 6000 or 5000 -g- A 271 caliber warning shot, might be operation wormwood (english translation of Chernobyl) bobby b.

To: Vitas who wrote (18269)	5/14/1998 6:21:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

McClellan summation slammation pattern update: Well, the Lindsay indicator gave a sell on yesterday's new Dow high on negative breadth. And we are in the time zone for the slammation to begin. However, it starts getting tricky here. In previous slammation patterns the decline was not "set up" until advance-decline oscillators (I use a 17 day simple), came back to up to or near zero. It is at -189 currently. I would think that would have to be worked off at least somewhat. In the September 1987 slammation, it took 19 days until that occurred. We are currently on day 12 as of Wednesday. The 17 day oscillator getting to near zero is more important than the day count of 14 or 15 days that occurred in September 1992 and March 1994 from the warning shot low in the McClellan oscillator. We also have option expiration week madness which could prop the market up artificially. There also is the nagging problem which Bobby pointed out of the 200 day summation cycle which is counted from the FIRST peak and tends to lead to rallies. We are in that time window. This summation pattern is unusual in that the third peak occurred in a very short period of time from the first peak. As far as I can see, this has only occurred once, in the fall of 1963. Finally, the third peak started at a very high reading of 3000, which is unprecedented. Bottom line: The Lindsay says to be careful; the 17 day a-d oscillator says to wait for the setup before initiating aggressive short and put positions. Vitas