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


To: GROUND ZERO™ who wrote (38114)3/9/1999 8:27:00 AM
From: Vitas  Read Replies (1) | Respond to of 94695
 
GZ, I got stopped out Friday morning and reshorted yesterday's close
primarily because of the new spx high on negative breadth and
negative breadth oscillators (17 day and 25 day).

If you look at the 1% ema of a-d:

decisionpoint.com

it downticked with yesterdays negative breadth and perhaps put in a double top versus two weeks ago.

As long as breadth remains negative I'm going with it.

If we take out Friday's high in the a-d line, or if the 1% ema
breaks out above Friday's high, I would have to get flat.

If we took out the a-d line low on 2/10/99, currently 1526
net advances from yesterday's close, I might get st bullish.

Intermediate - long term bullish would require the McClellan summation downtrendline from July 1997 being taken out:

decisionpoint.com

Vitas