Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (2970)	7/22/1998 7:04:00 PM
From: Thomas C (Hijacked)	Read Replies (1) \| Respond to of 5676

Well after looking a bit more, I think I am going to have to go on record as saying no more new highs at least for now short term... decisionpoint.com why? well since 6/97 we have had three lower peaks in the Mccllan Summation index...and from those 3 peaks you can see 2 bearish divergences of downward sloping line from 6/97 peak to 9/97 coupled with rising prices. And downward sloping line from peak on summation chart 9/97 to 3/98 again coupled with rising prices... So the divergences caught the October 97 selloff and the recent april to june decline... But now we have one more divergence developing..3/98 summation chart top and now 7/98 top forming with rising prices...and correct me for a false interpretation...but the downward slope on the current divergence developing is almost twice as steep as the previous divergences..indicating a much more bearish decline coming.... let us see... but don't hold your breath.. Tom