heres why i use 3 stoch settings....
on the SPX....
stockcharts.com[h,a]daclynay[db][pc9!c13!c20!d20,2!h.02,.20!f][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G
the slow looks oversold.....but the full still has plenty down to go....and thats important to know.....
and whats more important....its close to pulling some anti-venom...last time it tried that was may but it failed.....
so watch that anti-venom...if it held and turned up it would signal strength into next week....
also the VIX .....
stockcharts.com[h,a]daclynay[db][pc9!c13!c20!d20,2!h.02,.20!f][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G
its slow stoch looks overbought.....but the full stoch has plenty of room up.....
also.....its trying to avoid a death blow......
so we have a battle zone on the full stoch on the SPX and VIX.....
and its right at the 50 yard line on both full sto's and its a coin toss right now as to who gets the ball.....
same goes for the dow..... |
