P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: orkrious who wrote (30543)	2/12/2005 10:16:16 AM
From: SGJ	of 30712

I don't remember how close Jeff thought you had to get to the 50 line to consider it a "touch." My memory is that was always a debate. Jeff sometimes fudged a bit and it was one of the topics that caused a lot of flaming. My read is that somewhere in the general vicinity is good enough as this in not an exact science and even good science is not always exact. There is a little bit of artistic license in everything, thats why I like to hire a few Liberal Arts majors in my biz to spice things up. If they are bright, I can teach them the numbers. And I'm not so sure the daily is as important as the weekly, which is also at somewhat of a juncture here. The weekly is very important and so a Monday continuation of up bodes well for a daily Full AV whose momentum at this juncture should propel the Weekly to AV as well. My early call is based on the 30 and 60 minutes showing bullish stregnth. My observation of this TA is that the direction of the shorter time segments have a pushing effect on the longer ones. Next week is going to be telling.

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