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: robert b furman who wrote (33493)	11/11/1998 7:56:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Bob, The way I differentiate between a rally top and dip is largely a function of the NYSE advance decline issues over the most recent 25 trading days. As of this morning, the buying is not yet over. When the indexes pull back and my numbers are still positive, it's a dip. When the indexes pull back and my numbers turn negative (sometimes even before the markets pull back as during last July), it's a top. These numbers will always turn negative before any serious decline, so I may exit for a day or two then reposition to avoid being caught in a serious decline. The reverse is true for all bottoms. I also rely on chart patterns and Andrews Pitchfork to calculate the likely end of a move. I hope this was helpful. GZ