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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (2800)6/16/1998 12:23:00 AM
From: Thomas C (Hijacked)  Read Replies (1) | Respond to of 5676
 
If you are familiar with MACD Histogram, you would have noticed a bearish divergence on a weekly basis on the Dow and other tech indices as of early May.

It was a class C sell signal which is the strongest sell signal available. The probability of crashes or big one day drops is very high with this signal.

The signal is grounded in psychological interpretation.

And need I say it again, the same bearish divergence Class C sell signal reared its ugly head in 1929 and would have bailed you out before the catastrophy! Yee Haaaw!

Tom