here's jeff's code:) compiled by augieboo
<< DEATH BLOW, aka D'Blow, or Blow
Occurs when a stochastic oscillator, (often referred to simply
as a "stoch" or "sto"), crosses up out of oversold, only to be
smacked back down before reaching the 50 line. This is considered quite bearish.
IMPORTANT POINT
In order to make sure that the Death Blow you are seeing is
authentic, you have to be sure that your stochastics are set to
the correct settings, which are:
Fast -- set at 10-10
Slow -- set at 5-5
Full -- set at 14-3-3
Why is it important to watch these settings and no others?
Because these are the settings that Jeff watches.
Why does Jeff watch these settings?
Because these are the ones he has found to be ideal.
How did he find them to be ideal?
By using them, of course.
But, how can we be sure these are really the best ones to use?
STOP ASKING SO MANY FOOL QUESTIONS, OR YOU'LL BE NUKED!
For you disbelieving infidels who simply MUST see proof, you
can go to this thread on SI and see the results of a careful
study of DB and AV, (see below for AV definition), which
shows exactly how much predictive power these signals have:
Subject 53453
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ANTI-VENOM
The opposite of a Death Blow, i.e., a stoch moves down from
overbought, then rebounds upward at the 50 line. Everything
else about them works just like Death Blows, except in reverse.
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t-q
Generically, "t-q" means TRINQ, i.e., the Short Term Trading
Index, (aka the Arms Index), for the Nasdaq.
In retrace parlance, however, it often means a TRINQ reading of
5+. Such a reading is considered to indicate a short-term
bottom which should be followed by a short-term top. That
short-term top should be followed by heavy tankage, and should
not be exceeded for the duration of the retrace.
Here's a post by Jeff on the subject: #reply-17950059
The problem is, I'm not really sure the T-Q works the way it's
described by Jeff, except during periods when the Nasdaq is
already in a down trend. Here are two charts I created
highlighting days days with a TRINQ of 5+. Take a look and
decide for yourself what, if anything, a TQ-5 really means.>> |
