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Kent:
I'm not making any prognostications or predictions because any-
one can see the market does look very weak. However, there
were some guys over on the Imap site who compiled a mock
indicator on this and conducted some backtesting. The result,
percentagewise, was that it is often also a good contrary
opinion indicator.
Charles
-----Original Message-----
From: Kent Rollins <kentr@xxxxxxxxxxxxxx>
To: OmegaList <omega-list@xxxxxxxxxx>; CodeList <code-list@xxxxxxxxxxxxx>
Date: Thursday, August 05, 1999 4:36 PM
Subject: Fw: U.S. Stock Market Crash Index
>>From a post on the MetaStock list:
>
>
>http://www.wwfn.com/crashupdate.html
>
>They publish a so called U.S. Stock Market Crash Index, developed by Henry
>W. Ford. Right now it shows a reading of -10, meaning that a stock market
>crash might be imminent.
>
>Their recommendation is:
>"When the Market Crash Index reaches a -10 we exit the market of any risky
>short-term long positions, and will increase the number and size of our
>short trades."
>
>
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