Does this mean anything important? Crash index at -10. Can anyone verify if this is legit?

http://www.wwfn.com/crashupdate.html

-- Reporter (reporter_atlarge@hotmail.com), December 20, 1999

Answers

Here's a previous thread on The Crash Index:

http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=0023 Mf

-- I'm Here, I'm There (I'm Everywhere@so.beware), December 20, 1999.

Please gimmy some help: on the previous threat someone wrote about inflation rate up 34% with a remark to the Economist. I have looded through their site but havn't found an article on that issue. Can someone (sysops?) please provide a valuable link? Thnx in advance.

-- Rainbow (Rainbow@123easy.net), December 20, 1999.

Yes the crash indicator is at -10. -10 means pull out of all long positions in the stock market and replace with shorts and puts or just get out all together. This indicates a 20% or better correction is probably going to take place very shortly. This indicator has been correct about every 20 % correction in the last 15 years. This indicator has reached a -10 in the past without a 20% correction happening but there has never been a 20% correction without this being at -10.

-- Gamler (scotanna@arosnet.com), December 20, 1999.