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

To: Haim R. Branisteanu who wrote (34044)	11/20/1998 8:31:00 AM
From: donald sew	Respond to of 94695

Haim, Just posted this on the TSO thread, which may be of interest: >>>>>>>>>>> I have been watching the participation index also, and am in total agreement with you. decisionpoint.com Thanks for bringing up the topic of the participation index, since I believe that , along with the NEW HIGHs/LOWs, are strongly implying weakness in the future, and another market top in the process. On the above chart, note that from mid OCT to now, the participation in the upmoves have declined. If one connects the peaks of the UP PARTICIPATION(GREEN VERTICAL LINES) during mid-OCT, early-NOV, and now, it is clear that it is in a dowtrend producing lower highs and lower lows. Now compare that with the period starting near the end of JUN into the JULY 20 TOP. Just before the start of the major decline after JULY 20, the UP PARTICIPATION was in a similar downtrend pattern. I am not saying that we are going to have a crash now, just saying that the strength in the market for the short/mid term is weakening and such implies that we should see a significant pullback of 5% or more. Such analysis of the PARTICIPATION INDEX is in line with my NEW HIGH/LOW projection that if the NEW HIGH stays below 100 and NEW LOWs between 10-50 for 1 month, a decline of 5% or more should occur during the following month. Thanks again for bringup the PARTICIPATION INDEX. <<<<<<<<<<<<<<<<<<<<<<< Seeya

To: Haim R. Branisteanu who wrote (34044)	11/20/1998 8:52:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Haim, Are you going to short the market in a rally today? GZ