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

To: bearshark who wrote (31365)	10/12/1998 9:24:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 94695

bearshark: The ARMs index is an oscillator. It works best during trading ranges. In uptrends it keeps giving sell signals as the market rallies. In downtrends it gives buys signals as the market sells off. Question is, are we are still in a trading range or is this the beginning of a new uptrend ? Jim

To: bearshark who wrote (31365)	10/12/1998 9:53:00 PM
From: Vitas	Read Replies (2) \| Respond to of 94695

Shark: Greg's reference is to Ralph Bloch's being quoted or interviewed on CNBC today as stating that when the daily Arms index is .5 or below in two consecutive days, that is generally a fairly strong buy signal. The dates of previous signals since 1980 are posted below. I don't have time tonight to examine them further. 11/12/80 11/13/80 8/23/82 8/2/84 8/3/84 5/10/85 10/14/85 8/12/86 11/21/86 1/5/87 8/11/87 10/21/87 4/25/88 6/1/88 6/22/88 8/17/88 11/29/88 11/30/88 8/24/89 11/12/90 4/30/97 10/9/98