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

To: Bull RidaH who wrote (19606)6/2/1998 6:09:00 AM
From: Vitas  Read Replies (1) | Respond to of 94695
 
The summation lags, as you know; it does not start turning up until
the McClellan oscillator itself turns positive. Even then, it could go sideways for awhile.

We are still a day or two away from making any definitive statements
in either direction.

One thing to keep an eye on here is the a-d line; it either found support against the peak in the a-d line on 12-8-97 which is 62
net advance-declines below Wednesday's low, or not. It did nick
1-5-98's peak by 138 a-d's.

Vitas




To: Bull RidaH who wrote (19606)6/2/1998 6:55:00 AM
From: Vitas  Respond to of 94695
 
David, another tidbit is that the SPX 50% retracement level of Wednesday's bar is 1084.42. Yesterday's low was 1084.28.

Similar action to October '92, after the exhaustion low.

Back then it was a capitulation type of day. However, 1963 seems to dictate here. And the 17 day a-d oscillator spike zigzag low was made on 11-22-63.

Vitas


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