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

To: yard_man who wrote (22095)	7/22/1998 3:55:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

RE> A/D has been horrible for weeks. What's new? << it's now worse than horrible, the down vol has increased dramiticlly, the new highs have almost vanished, there is not any mixed trading like even two days ago, the OTC BB is even falling, and I am beginning to think they have a way of not updating the indexes, I hate to say it but it looks like it might be a tad crooked. BUT in spite of this the NIFTY FIFTY are UP..so I expect we are putting in a bottom. Again it's that 2nd 25 that have reversed the most. Jim

To: yard_man who wrote (22095)	7/23/1998 5:29:00 PM
From: Bull RidaH	Read Replies (4) \| Respond to of 94695

RE: Nonconfirmation of new highs by Advance/Decline Line: Tippet, I appreciate your ho-hum attitude on this subject, as it is precisely the right attitude to have at this time. I'm sure you're aware that there is nothing new under the sun.... this has all been done before. The perfect prior parallel to the large cycle picture we are currently in is the Oct. of '63 time frame (Kennedy had just been assasinated, causing a spike lower in the markets that parallels the spike lower we're currently having to the T). What all the A/D worry warts better take note of is the condition of the A/D during that market era of '63 to '66, which produced one of the stronger general market rallies ever seen up to that point. I've got the link here: decisionpoint.com The key item to notice is the rally from '63 to '66 was totally unconfirmed by the A/D line, and what percentage move did the markets move up under this nonconfirmation? Roughly 38%!! Not the kind of rally you'd want to be left out of, or God forbid, short during. I gave a more detailed comparison of the '63 to '66 period to our current market cycle in the post below, for those interested in further study. exchange2000.com From here, I'm looking for about 20% more on the upside before the general markets peak later this year or early next. Regards, David