HAPPY ANNIVERSARY, LG. This thread has given me immeasurable insight into the workings of the market, but I still have much to learn.
<<Took a second look at a few things and I can't decide which way it is going short term at least enough to bet on. I want to go long but I see warning signs all over.>>
Lee, I was surprised to see the same picture develop, even with my simplistic system.
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(BTW, this Excel-generated spreadsheet displays more reliably using Explorer instead of Netscape -- surprise! surprise!) Also note that the tabs, a la Excel, are at the bottom of the page.
The StochRSI signals on both my stock watchlist and the major indices are screaming "BUY", while the market internals (McClellan, HiLo) still are cautious/down.
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Particularly, the Tabell-Deemer Volume and Thrust Indices are showing unresolved overbought conditions
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If I were a "wave" man, I would have to call this StochRSI strength as some kind of ripple in the longer-term blow-off.
Finally, I'd like to add my voice to those already pleading for Don Sew's return. I've often noted that sensitivity, temperament, and genius coexist -- but please "Get over it, Don! Learn to use that new SI "ignore" button for those posters who succeed in getting under your skin." |
