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: William H Huebl who wrote (25543)	8/28/1998 11:55:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

Bill .. the simple moving average that I've been keeping track of, shows the 200 calender day S&P500 average slope going negative next Wednesday. Current positive slope is only 0.117 points per day in contrast to ~2.8 on 7/20. Gersh

To: William H Huebl who wrote (25543)	8/29/1998 9:59:00 AM
From: HairBall	Read Replies (2) \| Respond to of 94695

Bill: Well, to each his own. I am not calling a bear market. I never do. I just do trend following. My proprietary mid/long term Ney MACDXOSC gave sell signals on the Dow Trans and Utilities in April and sell signals on the Dow Industrials, Composite and NYSE, NASDQ, RUT and S&P 500 in May. This was followed by my Sht MACSOSC giving sell signals on all during the week of July 20th. Hey, all except Utilities are below their 200 day SMA. And, Trans and Rut 200 days SMA turned down 2/3 weeks ago. The hold out is the Utilities and if memory servers me correctly, I believe it was last to move below in 87. I will not try and call the bottom, I will just follow it up when it finds its own bottom. For now, everything is still pointing down. Would have expected a rally by now. Maybe the guru's are right and one is coming Monday. The S&P 500 broke its 200 day SMA this week. If it moves back above during a rally, that should pull a lot of dipsters back in. I would say we are ripe for a rally! But, I am not betting on it and will not try to "play" it! Still in cash, day trading only, for now! BWDIK Regards, LG