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

To: Death Sphincter who wrote (19283)	5/27/1998 8:49:00 PM
From: epicure	Respond to of 94695

For those of you who do not get Worden charting services they posted an interesting note tonight. Seems they track NYSE stocks trading above the 2 standard deviation range. I guess we hit a high of 29% of all stocks trading in this range this year and we have now backed off to 6.47% the lowest reading since mid-1996. We will not be completely oversold till the indicator is under 1%, but this confirms what my fibonacci was telling me- that we were backing away from dangerous territory. Now I know nothing about Elliot waves, and although I am reading up on them I don't seem to be able to grab on to anything concrete- I can see it all so very clearly in retrospect but going forward I am having a little trouble. So I don't know if this Worden information correlates with what the E-wave guys are saying or not, but I wanted to share this information with you because I found it very interesting.