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

To: William H Huebl who wrote (23931)	8/11/1998 10:19:00 PM
From: Moominoid	Read Replies (2) \| Respond to of 94695

I use an autocorrelation statistic that is useful for measuring resistance and support in a dynamic way and finding turning points. It showed quite a lot of support going down from 1080 yesterday. In fact when I looked again there was a little more leeway than I thought. But a crash was ruled out. But true to form we ended the day up from the lows which were just pushing down too hard. I do this analysis each day (when the market is going crazy) and also on individual stocks.