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

To: donald sew who wrote (34819)12/2/1998 4:46:00 PM
From: Paul Shread  Read Replies (2) | Respond to of 94695
 
Thanks, Donald and Terry. My understanding is the averages have up to five months to confirm each other; Terry says two or three. We have some time.

I agree a narrow rally is not good. We need participation to broaden. However, the relative outperformance of the TRAN and the RUT is encouraging, IMHO. I believe the TRAN set a new high for this up cycle today.

Has that GM theory been tested in recent years, Terry?

Paul



To: donald sew who wrote (34819)12/3/1998 9:32:00 AM
From: Steve Swanson  Respond to of 94695
 
>>>My gut feeling is 2 months for once of the DOW sectors to catch up to the other, so in this case that would put it at the end of JAN/early FEB.<<<

Thats interesting....I took a look at the Dow's chart for DEC97 and it started a decline around DEC 5th and then picked up again around the end of JAN which started the uptrend that lasted for awhile. So it looks like your right on target......Thanks for your INDEX UPDATE be lost without them.......


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