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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 (21858)	7/19/1998 8:46:00 AM
From: HairBall	Read Replies (3) \| Respond to of 94695

William, James, Bobby: Gee, my TA indicators do not predict the future, they "try" and give a quick trend signal. (short, medium, long term). I don't know how you guys figure out where the market is going to top. Yeh, I got Ewave books, Etc. Sometimes, from experience looking at my indicators and holding a wet finger to the hot TEXAS wind, I can get a pretty good feel in advance what my indictors are going to tell me. That is about as far out as I can go. (My indicators are trend following, for the most part. I also, try to monitor the S/MM intentions.) Having said all that: Bobby in an early post you referenced the RUT. All your moving averages where coming together and you expected a break to the up side. I agree. My technicals look like late April 97 for the RUT. The Dow Indices: Industrials look to go higher, Utilities have been going up without a correction (at least 5%) since April 97. Transports, I'll get to them later! S&P 500: Has began a momentum run up like the April 97 or Jan 98 moves. NASDQ: Its break to the upside is like the April 97 move up, but has more momentum. My momentum and short/medium term buy/sell oscillator shows it, to be the strongest move up so far. The question mark to me is the Dow Transports: It has not confirmed the move up, yet! (Setting new highs.) It appears to be bucking the trend. My momentum indicator (short/medium term) turned south on 7/15. (This is not a sell signal, just a momentum signal.) However, the Transports of late have struggled more to gain ground. Since the top in October 97, it has corrected four times 5% or greater. It may just be going through one of those oscillations. Since I changed software this year, its database only goes back 10 years, I will have to rely on my memory, I believe the Trans lead the way down in 87. Something to keep an eye on? Comments? Regards, LG