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

To: William H Huebl who wrote (19068)	5/26/1998 7:39:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

Bill, the key here is the combination of the approximate 200 day cycle and, more importantly, the fact that the summation index has come all the way down to near zero, the bottom of the neutral zone. The bottom in the New York Composite, so far, was 4-27-98, which is 196 days after July 17th. The a-d line made a new low Friday, which is 215 days. The summation index is at 259; compare that figure to previous bottoms. Vitas

To: William H Huebl who wrote (19068)	5/26/1998 2:16:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bill, Per our earlier discussions, my short-term technicals indicated a BUY for the NAZ today, but would not play it. Well the NAZ did pop nicely at the open, only to give it all up and go negative. So the CLASS BUYS worked for a few points only to lose it all, as was the case for PUTS during the runup in MAR. For all extensive purpose, I am considering those BUY signals as failures which is in line with my feeling that today and tomorrow will be down. I am also amending my position slightly. Originally, I had felt that 8950-9000 would support this dip; however I am starting to see signs that 8950 may not hold; therefore the nexe support area is 8750. I also felt that there would be a pop THUR/FRID, but now feel that it would be closer to Friday and any pop would be limited. So far so good. Seeya