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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (24746)	9/30/1998 9:11:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, >You were a real contrarian today. :)< I read, The Yo-Yo Effect, by Richard W. Arms Jr. today and had a discussion with one of the local investor, an retired engineer, who follow the Arms Trin on a daily basis, an plots its moving average. He is very confident in its ability to identify the bottoms. In looking at the his highest spread we noticed that the spread was greatest in the weeks of 9/1/98 and peaking on 9/4-9/10/98. If you look at the DW Bull percentage charts which I have posted trim data supports the DW weekly lows. Gottfried, is it possible that DW and your charts all support and have we have hit the bottom.?:) Is it possible that all of these indicators are wrong? If we are right I really will be happy. Then, we have to start calculating the tops. Quote form Richard W. Arms, JR. last paragraph: "My findings: Emotionalism is running so high that a relatively small amount of volume has been swinging the market through huge trading ranges. And, history declares, this indicates that the long side of the Street is the place to be right now." Page 17, BARRON'S, 9/28/98 Shorts, Beware. Just my $.02. Paul V.