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


To: Kip518 who wrote (35645)12/24/1998 10:34:00 AM
From: Vitas  Read Replies (1) | Respond to of 94695
 
Hi Kip, the flaw with that logic is that if you are going to use
the McClellan oscillator and summation, which are based on New York Stock Exchange advance declines, and involve over 3,500
issues, then you need to compare it to the index which represents
all those issues. That is NYA, and it has not made a new high.

I believe the S&P 500 now has a number of Nasdaq issues in it.

It is a false comparison.

Vitas



To: Kip518 who wrote (35645)12/24/1998 11:50:00 AM
From: Tom M  Read Replies (1) | Respond to of 94695
 
And what will help that happen is historic high margin use ( what me LTCM worry? ), the negative savings rate, and business and personal bankruptcies due to overuse of credit (avg household has 11 cards). People are going into debt to spend their margined paper capital gains on companies with no or decreasing earnings.

happy holidays!
Tom