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Strategies & Market Trends : Complacency Indexes
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To: Paul Shread who wrote (1202)5/10/2002 11:29:42 AM
From: TechTrader42  Read Replies (1) of 1487
 
There are problems, though. The kicking bullish pattern at that site doesn't show how it should play out. The fact that the price fell well below the waist of that long white candlestick isn't a good sign. However, I suspect that your QLGC trade will be quick and dirty, so you'll probably be fine with it. (The quick and the dead, ya know.)

I've grown to like the center of gravity indicator introduced in the May issue of TASC and available in eSignal now with the custom formula code. It's not giving a buy signal for the Naz now. It's said to have little lag. It's not giving a buy signal for QLGC now, either. In fact, it's hitting the signal line with both, preparing to cross back down.

I'm heading out, but I'd like to spend a lot more time looking at the candlestick pattern of the Naz (and QLGC). Maybe Monty can comment on it.

Wouldn't it make more sense to wait at least until the gap is filled, and look for a test there?
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