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I beg to differ that the 8-3-99 signal can be considered a correct one. The
market fell only 6% after the sell signal into the Oct. 15th low. That
certainly cannot be considered a crash, whether you define a crash as a 20%,
30% or more correction. The market has since rallied to new highs without the
indicator giving a buy signal.
Unfortunately the market has defied many technical indicators in the last few
years. The Titanic indicator, since publication, has given so many false sell
signals that I stopped following it years ago.
Howard
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