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

To: Haim R. Branisteanu who wrote (39769)	5/1/1999 10:07:00 AM
From: William H Huebl	Respond to of 94695

Haim, Couldn't but notice the number of sells seems to have increased percentagewise... Bill

To: Haim R. Branisteanu who wrote (39769)	5/3/1999 11:21:00 AM
From: Les H	Respond to of 94695

My AIQ database's market log has gone to 78% of expert signals being sell signals and 78% of expert signals confirmed by 10/49 double moving average (price-phase indicator) being sell signals. Almost at the 80/80 percent threshold associated with intermediate-term tops. As long as AXP, GE, C, JPM, and WMT hold up, the Dow should stay up. AXP was the highest correlated stock in the Dow in each of the last 3 up periods of the Dow during this run: 10/8-11/23 (Dow up 25.8%), 12/14-1/18 (Dow up 11.3%), and 2/25-4/30 (Dow up 20.8%). AXP and the others were consistently among the top 10 most correlated in each of the 3 up waves and the 2 down waves. The most highly correlated Dow stocks during last summer's bear market from 7/20/98 - 10/8/98: (1) AXP, (2) GE, (3) C, (4) JPM, (5) S (which is no longer highly correlated), (6) WMT, (7) HWP, and (8) AA.