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


To: Vitas who wrote (19049)5/26/1998 1:07:00 AM
From: PartyTime  Respond to of 94695
 
Just passing through the thread. Nice piece of research, Vitas. I'll stay tuned.



To: Vitas who wrote (19049)5/26/1998 6:58:00 AM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Vitas,

My math must be off... July 17th 1997 was the last peak of the summation and we should be past the 200th trading day and then some by now???

Bill

Interesting anyway



To: Vitas who wrote (19049)6/3/1998 6:00:00 AM
From: Vitas  Read Replies (2) | Respond to of 94695
 
The intermediate turn in the market to the upside appears to be
at hand.

the zigzag pattern with a spike lower low on the second bottom in the 17 day advance decline oscillator seems to be saying Wednesday, May 27, was the exhaustion low. On yesterday's
close this oscillator now jumped across the resistance line from
the first bottom in this oscillator made late in April, which confirms.

The New York Stock Exchange stocks over 200% is at the 50%
level, which has held numerous intermediate corrections.

The 200 day cycle in the Summation index from the first peak discussed earlier should hold any more serious downside action.

We are in the buying zone unless proven otherwise, and I'm going with the odds.

I am intermediate term long at NYA 565.35 and at SPX 1093.03

Vitas