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<DIV><FONT color=#000000 size=4>AIQ issued a Second Buy signal of 96-4 tonight
following yesterdays 95-5 Buy signal. Different rules fired to cause the
buy signals. THIS IS SIGNIFICANT. AIQ buy/sell signals are much more
powerful IF 1) they come in clusters (back to back or over a short 3-5 period of
time) and 2) if different rules caused the signals.</FONT></DIV>
<DIV><FONT color=#000000 size=4></FONT> </DIV>
<DIV><FONT color=#000000 size=4>We now have 2 confirmed signals (based on change
in direction of price phase indicator). The first one gave a 139 point dow
rise. WAL number is now bullish as stocks making up the unconfirmed signal
ratio (US) move to the Confimed Ratio (WAL). This confirms my belief that
new highs are in store before the end of the year on all major indexes.
Utility index did set a new 52w high today. Others to follow.....you read
it here first. Watch out for the freight train and don't be in front of
it.</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue Oct 21 19:10:24 1997
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Date: Tue, 21 Oct 1997 19:06:34 -0700
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From: "bobrabcd" <bobrabcd@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT: AMOSS indicator update
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Status:
My two cents worth tends to agree with John and Ron. The Z score timer
could enter the sell zone(red border area) tomorrow and make an intraday
pivot. 90 day component has moved back into extremely overbought, 5 day is
at sell reversal levels, 20 day is near the border of overbought and
extremely overbought. Statistical probabilities are more in favor of a
sell than continued rally.
BobR
http://www.oextrader.com/momentum.htm
At 08:43 PM 10/21/97 -0400, G.John Boggio wrote:
>At 07:10 PM 10/21/97 EDT, you wrote:
>>Based on the work I do with my amoss indicator I will exit my long oex
>>call position if the oex goes below 928.68 and the VIX goes above 22.02.
>>I would enter into a long oex put position if this happens. I expect this
>>to happen tomorrow (wed 10/22)
>>
>>Good Luck
>>Ron McEwan
>>
>Realtraders,
>
> Based on my short-term charts, the SP Z7 and the general market is now
>OVERBOUGHT. If we get an up opening tomorrow, look for opportunities to
>initiate short positions or buy puts....This is for a short-term trade!!!
>
> Note, since the low set on Friday, we have NOT formed any symmetrical
>wave structures that would be useful in forecasting the magnitude of this
>pullback. Using other methods, I suspect a retracement back into the 95800
>to 96400 area is possible, at this time.
>
>John Boggio
>
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