Okay Speedmeister
I am trying to ENJOY your post but I dont know what it means...
When it turns up or down from historical levels a warning or signal is given.
Anywhere above 25 is a "high" level, and good "lows" normally form ~ -30.
is a high level meaning we are going down?
feb 2 -5 were above 25...
what does that mean
IF we werent in a trending market and how do you determine when it is a trending market and not going to work versus....when we are just going UP and it will work...
because if it isnt going to work in a trending market it is KEY to determine what is going to make it work and what isnt going to make it work
Right now it says we're in a "danger zone" where the market COULD be near a ST
peak based on historical levels, BUT a trending market will wack this thing out. I
find it best to use a trendline, stop, or somthing else to get you in or out when the
trend is your friend, like recent activity seems to indicate. I find eventually
divergences take place when the trend starts to peeter out and then finally the
market corrects.
so is the difference between 2/6 and 2/9 the petering out?
Here is some data:
01/30/98,16.0
02/02/98,28.4
02/03/98,28.7
02/04/98,27.9
02/05/98,26.7
02/06/98,23.8
02/09/98,12.4
btw, the my right arm indicator is still over 4 after todays data... |
