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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (2313)	11/11/1998 11:32:00 PM
From: Les H	Read Replies (1) \| Respond to of 3339

Looks like roller coaster may be starting to head down soon. The TechniFilter scan for stock reversals shows the following percent of stocks making sell signals for the following indicators over the last three days: 8-17-9 MACD sells 32% (MACD cross below signal line) 12-25-9 MACD sells 16% 9 Wilder RSI sells 32% (RSI cross below 70) 14 Wilder RSI sells 15% 9-3 Stochastic sells 26% (Stochastic cross below 80) 14-5 Stochastic sells 25% 21-3 Stochastic sells 37% The above scan runs on a database of 3500 stocks. In addition, the AIQ reports have had 80+ percent sells on both WAL and US for the past three days --- a confirmation of the above statistics. Tuesday's had 90% on both. With the TRIN now below 75, looks like a good correction up ahead soon as the herd sells off the nifty fifty.