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[RT] Re: Arms Index



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Hi Norman,
You Wrote:
The criteria for a buy signal is a  reading of 120 or higher.
Following is a list of the buy signals for this year:

DATE         5 DAY ARMS

1-4                128
1-28              121
4-14              165
5-3                126
5-25              121
6-9                125
4-30              122
7-5                125

Question: In any of these instances, particularly the 165 reading on
4-14, did several above 120 values occur before the final value you posted 
(above)? In other words, do you sometimes see a series of plus 120 values, 
and then in hindsite choose the value that was the peak?
It seems an inevitable occurence, and perhaps yesterday was the beginning of 
such a series.
Just sharing a thought.
Bo.
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