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

To: bob wallace who wrote (34144)11/22/1998 7:16:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 94695
 
You stated you received >> a strong buy signal from an advance/decline model I use
- a strong buy signal from the new high/new low indicator I use<<

I am curious what constitutes a strong signal as the advance decline has been usually flat to 3-2 most sessions and the high low indicator has been in the 50-60 highs to 30 lows area for much of this rally. This to me is a far cry from the 3,4,or 5-1 Advance /decline during the previous bulls and as Don pointed out, new highs in the 100s to 400s.

While I see new highs out there in INTC, AMZN, etc, it is far from a wide spread market event.

Not disagreeing, just curious what the parameters are to receive a strong signal.

Lee



To: bob wallace who wrote (34144)11/22/1998 9:12:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
I suspect the INX has serious resistance up around 1180 or so, but I think too many investors want back into these markets and are waiting for any pull back. There is a 'mountain' of money waiting to get back in 'at any cost' and that will be about the size of it.

How about DOW 9600 by year end?

GZ


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