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

To: Brad Bolen who wrote (32003)	10/19/1998 11:20:00 PM
From: Vitas	Respond to of 94695

Hi Brad, Those dogs were barking - arf, arf, arf. Relative strength cycle bottoms in small caps comes every eight years instead of four, '74, '82, '90, and we are due now. Now the question is do they just bolt right out of the gate, or stop for a pause or a pullback? I'd be surprised as all heck if we just kept going from here, because usually rallys from a 4 year cycle bottom in the market have a bumpy start. However, a number of things suggest that we are much closer to liftoff than normally. The NYSE % over 200 day MA broke above the 50 sma. The trin 2 days under .50 or less signals that most of the correction is over. A daily ratio advance decline short term oscillator has reached an overbought point that shows we are starting something serious, in other words, it has not been this strong in quite awhile. We could and should get one good pullback, but not another retest. Vitas