Gary, I used Stochastics (price velocity) in my program with different price moving averages and I only find overbought conditions on very short term calculations ( 5 days, and some times 10 days)
If I use comparisons between stochastics of the price moving averages all are signaling breaks of the slow moving averages by its corresponding fast averages signaling a bullish buying point.
TSV at 9, 18 days are back above zero line confirming the actual trend. 36 days never change down.
OBV at 9, 18, and 36 are confirming but laggards to the prices both downs and ups.
Money Stream is for a 5 week period a flat line, but is diverging from price trend which is down. this is a case for a bullish position (I will like a steeper line for MS, I do get it if I used 10 or 15 weeks trend calculation, not bad for long term evaluation).
BOP is showing accumulation, a weaker continuation of the previous trend, but here the trend is more important than every day movements, and it is better at showing accumulation, not telling if the accumulation will result in an uptrend in price ( same with time as in MS better looks at 10 and 15 wks).
Wilder's RSI (relative strength index, not the usual RS) calculated at 5, 10, 15, 20, 30, 50 days prices and at their corresponding moving averages are not showing any overbought condition. Some did show oversold conditions when you mentioned it last week.
TC-2000 does allow to use different time frames and for many calculations it allows to use the moving averages previously calculated, creating a double smoothing of the trend (and taking away lots of the quirky movements).
I will congratulate you for mentioning the $27 1/8 as the resistance number, precisely today this is the 50 day price moving average and it was clearly broken during intraday trading, and for the first time in about 2 weeks the stock price is at its moving average. Will the intraday breaking signal more to come? I think so, lets see (and hope).
All this number crunching is tiresome now I can appreciate even more your diligence in providing your numbers. Sometimes they are scary, but that is the nature of the market.
I will take the liberty to suggest you to ask for the free TC-2000 offer for a free one month trial, it will be interesting to know your opinion of their BOP and MS data, since it is proprietary and it is the only way to see it.
Regards,
Cacaito, a Vivus long |
