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

To: Vitas who wrote (30145)	10/5/1998 12:41:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Vitas, <<in order to have a "crash"....it seems to me that you need a technical air pocket>> Take a look at your Daily S&P chart, and see if the action from 9/1 to present does not look like a "bubble." That's a big enough air space to drive a truck through! You may be right that we could now use a smaller airspace, and from Friday's low, we've got a nice one partially formed already. The panics leading to "crash days" (single day declines of 5% or more) have always come AFTER a period of downward market action, and not right from the highs. The environment is perfect for a crash... Can't you feel it? The bulls climax too quickly still, as they did after a one day reversal friday. All you hear now is "Successful Retest." You can't say that until NEXT Friday (if the market were still holding up). That's a great contrary indicator!! It takes less and less to get the Bulls rocks off now, and that tells me they're about to be taken to the slaughterhouse for their incontinence. Regards, David

To: Vitas who wrote (30145)	10/13/1998 6:21:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Vitas, >>it seems to me that you need a technical air pocket<< Notice the "technical air pocket" that was created on the '29 McOscillator on the post-peak backside rally (late Sept'29) just before the crash in '29. Notice that the Oscillator (not the summation) actually exceeded the highs made at the peak of the market climb in early Sept., '29. decisionpoint.com Now, compare that with the current McOscillator chart, and you'll notice the same conditions exist. Our post-peak backside rally began on 9/1, and completed on 9/29. decisionpoint.com I believe you were correct about the need to see a much more negative Summation Ratio before the bottom is in. What are your updated thoughts on that subject? Regards, David