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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (23839)	8/10/1998 11:55:00 PM
From: Vitas	Read Replies (1) \| Respond to of 94695

Hi Bobby, The New York Composite closed at 600.75. That was a new high. >>>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! > A summation reading of 4097 is a breadth "thrust" which implies strength for time to come. 300 to 460 trading days worth. Third and final peak on 8/17/87 was 1692; on 6/13/90 it was 1548; on 2/3/94 it was 1931. The first peak on 2/8/71 was 3264, with the final peak 460 days later on 12/11/72 at 2046. In July this year the peak was 645. See the difference? It doesn't mean that we will necessarily get that third "real" peak. But I know what I will do if it occurs. Vitas