Di, Clappy:
Not my chart on the PCR:
stockcharts.com[L,A]DBLANNMY[DC][PB10!B21!A.4!A.7][I]
I follow the 21DMA line, which has to reverse direction (MacMillan) in order to give a buy or sell signal.
Overly bearish territory for this 21DMA is 0.7, so still way to go.
I also interpret the VIX in a not conventional way:
stockcharts.com[W,A]DACLYYMY[DE][PD20,2!A30!A20][VC60][ILD20!LO20]
I need both CCI and StochRSI to be for a certain amount of time (colored surfaces) on the same side, above or below.
This has proven correct mid-Aug when VIX went below 20, in the middle of a rally.
Mid-Sep again, sell signal wih concording readings of CCI and StochRSI and the market started to go really bad.
Now, expecting these CCI and StochRSI to start hovering at the lows before calling for a turnaround.
Have had no time to check for the validity of this signal further in the past.
Don't know if it could be of any utility anyway:
schaeffersresearch.com |
