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>From what I could see, it appears that the Crash mode did not occur until after
the 87 decline. Here's a weekly chart of NYSE showing the McClellan oscillator
based on weekly advance declines, the McClellan Summation, and a histogram based
on the difference between the 30wma and close. All 3 warned of impending
disaster 1-2 months prior to the 87 crash. The signals are similar today.
Earl
-----Original Message-----
From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, August 01, 1998 7:22 PM
Subject: MKT - DJIA87 Health
>Looking over a period of a few years with the eyeball technique, corrections
>appear to be confined to MHI levels between -150 and zero. Crash modes,
>defined as 1000 point drops in the DJIA occur with the MHI below -175. As of
>Friday the MHI is about -100.
Attachment Converted: "c:\eudora\attach\NYWKHIST.gif"
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