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

To: Vitas who wrote (23792)	8/10/1998 9:00:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Hi Vitas and belated happy birthday which was on the momentum peak of the bull 7/17/97 and the price (dow) peak of the bull on 7/17/98. >>>>>In my opinion, the effect of the March-April triple declining summation is over, because we made a new high in the averages after 2 months had passed from the signal<<<< A false price peak based on speculative high tech issues driving the averages. MSFT - DELL - CSCO all selling near 100x earnings, while nyse was sucking wind. >>>In order to indicate the beginning of a bear market, at least from this indicator, we want to see the third peak in the 1200-2000 range on the summation index<<<< Not applicable in a market that has seen an historic summation high of +4000 pure blow-off BULL! When you stretch the rubber band one way it returns pretty hard. We simple failed the declining tops line off the July and October highs and with a blow-out summation on the upside we will have the converse effect on the downside. VERY SIMPLE ----NEWTON'S LAW!!!!!!!! TRIPLE DECLINING SUMS lead into 87, 90, 94 and many other bears. As long as we are looking at rubber bands, look at the extreme overbought indicator on the Oscillator at the 20th peak(beat the October peak hands down and was based on a tiny minority while in October all indexes peaked simultaneously), the rubber band theory would indicate we need an extreme oversold reading to indicate a bottom . . . A READING THAT WILL TAKE OUT THE 4/24 LOWS. We aren't there yet. Remember when I said that -271 was a warning shot. GET READY FOR THE WASHOUT LOW!!!!! Too many kahuna's have become dipsters! BWDIK, WANNABEE BB