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

To: Monty Lenard who wrote (24381)	8/15/1998 6:47:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Monty; Good point, We likely need to keep one eye on the 200DMA This type scanning is a new concept and I don't consider myself any expect on it. It's an A/D line with some reference lines cut through it, that may as we get use to it give us a leading indicator. My idea of the 200DMA A/Ds being down while the 20DMA of A/Ds moves up is that the ones which have fallen the most have started up, but the top ones are still falling. I wonder if we just did a 3DMA say on the NYSE , and NAZ, and looked for at least 50% above for at least 3days before we put faith in any rally. I could do that one myself just looking at the daily A/Ds over 3days. At any rate the 200DMAs don't show any rally going on. Jim