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

To: RWS who wrote (20341)	6/15/1998 12:37:00 AM
From: Lee Lichterman III	Respond to of 94695

People that build them that can't afford cars... Makes sense, but would it cost as much for a truck as a house did a few years back if the labor wasn't making so much? 38K for a truck, I buy used cars for transportation and rental property with the money people spend on their trucks. A tax eater should bad mouth tax payers... I stated I was a tax free loader in my first post, and I more than earn every dollar I take from you, especially the time in the desert every quarter. Everyone in my unit under the rank of E-5 (equal to about 10 years in service) qualifies for WIC and food stamps, most don't take it though. Besides, I worked the civilian sector a few years before signing up, pay my capital gains on what I earn here etc. Labor is still overpaid. Stick one of them on a flightline or out in the sand to get shot at and give them a check equal to what they used to just pay in Social security each month and see if they still want to strike. PS- Asia tanking, so much for the up day tomorrow. Japan below 15K, Korea below 300 and Hong Kong down almost 4%. Put on your seat belts folks, it is going to get bumpy.

To: RWS who wrote (20341)	6/16/1998 8:29:00 AM
From: Vitas	Respond to of 94695

Hi RWS, Summation index bottom patterns vary, from straight V formations to a second lower low in the index to a second higher low in the index. The McClellans refer to the summation index stopping its fall, up for a short period of time and then down again as a ledge or "fishhook" pattern which can be dangerous. However there is also a term they use which is a "bumpy down" pattern that signifies strength. The problem with waiting for the summation to turn up is that it lags at intermediate turns. Sometimes it is a significant 4-5% in the market, other times it lags slightly concurrent with a retest of the recent low. For the conservative investor it is, of course, safer to wait for a turn that pierces some sort of moving average of the summation index. Vitas