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To: Ms. X who wrote (15698)	3/15/1999 11:14:00 AM
From: Tulvio Durand	Respond to of 34811

Jan, now you got me ROFLMAO! I cherish the mental picture. Tulvio

To: Ms. X who wrote (15698)	3/15/1999 11:32:00 AM
From: Tulvio Durand	Read Replies (1) \| Respond to of 34811

Titanic Indicator, -- another BPNYSE? Interesting conjecture. Tulvio The Titanic Indicator has been activated now for 2 consecutive days. This indicator activates when the Dow Jones Average makes a new all time high and within 2-3 trading days following that high, the number of new lows on the NYSE exceeds the number of new highs. (Today, both of these events occurred on the same day!) When this indicator activates, it usually portends an imminent Bear market or at least a severe decline. The Titanic Indicator also activated on around 5/13/98, prior to the sell-off into June, and it activited on around 7/23/98, as the 1998 bear market was just beginning. I learned about this indicator at a seminar that I attended last summer and the details of the indicator were rather sketchy. For example, I am not sure whether the DJIA high is supposed to be a print high, intra-day high, or a closing high. Also, I do not know the exact historical track record of this indicator in terms of the number or % of false signals (perhaps someone with access to the NYSE new high/low data can back-test it), but the seminar leader said it was very reliable. The fact that this indicator is now being activated should not be surprising given the characteristics of a late stage Wave 5 rally. Subject: Re: Titanic Indicator Date: 3/11/99 4:31 AM !!!First Boot!!! From: <A HREF="aol://3548:JBuck10447">JBuck10447</A> Message-id: <19990310233129.29737.00000798@ng22.aol.com> I had heard of this a long while back. Did a little work using it and found it interesting -- BUT -- did not follow through since I am a daytrader. I went and found a description that includes some brief details and some clarifications. ---------------- Ohama Titanic Syndrome Configuration The Titanic Syndrome is a term coined by Bill Ohama in 1965 and was first written about in Stocks & Commodities Magazine in Nov. 1988. The Titanic Syndrome is deceptively simple and is a very reliable indicator of important market tops. Ohama first recognized the Titanic Syndrome retrospectively in the Fall of 1965 - it had correctly identified the very important May 1965 market top. Since then it has been consistency itself, it called the top before the Oct. 87 crash. The smallest correction following a Titanic Syndrome top was 9.6% in 1994, the largest was after the Jan. 1973 top, a whopping 45%, the average since May 1965 has been 25.7%. The August 25, 1987 top to the intraday low Oct. 20, was 40%. So you see one should have imprinted on the inside of ones skull the criteria of the Titanic Syndrome so that a mere rolling of the eyes will remind us of such a potent market top indicator. You are aboard the Titanic when:- 1.The DJIA hits a new high for the year, or 2.rallies 400 points or more, and 3.within seven days, before or after this high, 4.the number of NYSE new 52 week lows exceeds the number of 52 new highs. That's it. After the above criteria have been identified the DJIA may test or even marginally exceed the high. However, the averages, particularly the Dow Utilities will not make new highs. These negative divergences are another call to cover. There is no equivalent at market bottoms, there is no Poseidon Syndrome so to speak. -------end------- AND: Subject: Re: Titanic Indicator Date: 3/11/99 8:01 PM !!!First Boot!!! From: <A HREF="aol://3548:JER3CUBE">JER3CUBE</A> Message-id: <19990311150113.09444.00001061@ng147.aol.com> The Cabot Letter calls it the 2 second indicator. See the site.Cabot's Two Second Indicator When we open the financial section of our newspaper every morning, we look at one number first. This is the most important number we look at all day. The smaller that number the better we like it. And it takes us only two seconds to check it. That's why we call this new indicator Cabot's Two-Second Indicator! This new indicator, unlike any other market timing indicator we know of, answers the question, "How healthy is the stock market today?" When you use it, you are simply taking the temperature of the stock market. All you have to do is glance in your newspaper and note the number of stocks on the NYSE that hit new 52-week price lows for the previous day. This single number, when properly interpreted, will give you a very good idea of the health of the current stock market. Is this indicator perfect? No. No timing indicator is infallible, and we never expect to find one that's perfect. Nevertheless, we have found a strong correlation between the number of daily new lows and the health of the stock market itself. Essentially we see that as long as the number of daily new lows does not exceed 40, the market is sound and in no danger of falling significantly. In sum, the indicator is most helpful during normal markets and at market tops. But in addition, at market bottoms this indicator can help you identify the reduced selling that takes place before the next major market advance. As a result of our research, we have been able to divide the stock market into three distinct categories of varying degrees of strength or weakness. Here are the categories: <A HREF="http://www.cabot.net/index.html">CABOT LETTER SITE </A> Jer3Cube jer33:3/eccl 1:9advance. As a result of our research, we have been able to divide the stock market into three distinct categories of varying degrees of strength or weakness. Here are the categories: <A HREF="http://www.cabot.net/index.html">CABOT LETTER SITE </A> Jer3Cube jer33:3/eccl 1:9