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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (33026)	4/13/1999 12:47:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

on day hitch, yeah? hmmmm...8700 is a 15% haircut from here.

To: Lucretius who wrote (33026)	4/13/1999 2:38:00 PM
From: Terry Whitman	Respond to of 86076

Breadth does improve prior to a blow off top and crash- but it also improves at bottoms. The 87 chart showed the A/D made a final run of about 1 month from it's lows before the crash- If that happens again, we have another 3-4 weeks of insanity, since the A/D just bottomed last week. This sure doesn't look like a bottom when you look at the indexes- but the small caps have been on a downward ride for over a year now- so be careful out there. RUT looks like it is making another run at that trendline now. There are only two ways to close that divergence between the indexes and the A/D. The one we expect (crash/correction in the indexes)is the usual way- but the other way could conceivably happen. I'm not ruling anything out in this looney market. Some interesting comments wrt blow off tops: Message 8864911