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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (815)	7/26/1998 11:17:00 AM
From: Les H	Read Replies (1) \| Respond to of 3339

Weekly (21-week) Stochastics fell from above 80 (86) to 69 in August 8, 1997 and experienced four failure swings where it failed to get back above 80 before the October drop. The weekly Stochastics had managed week before last to recover to 89 before the big drop. Coincident with the above is the daily Wilder RSI which also had failure swings in October 97 as it did week before last. The failure swing in the case of the 14-day Wilder RSI is failure to get back above 70, peaked around 68. The Wilder RSI in July 97 and April 98 started downtrends before the market indexes peaked and made failed attempts to get above 70 in October 97 and July 98.