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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (34490)	1/30/1998 3:37:00 PM
From: Patrick Slevin	Read Replies (1) of 58727

A/D Oscillator While at lunch I remembered an oscillator you might like to look at. I took a seminar from McMillan (God knows how many) years ago. He told us at some point during the day of an oscillator where he took a running average of the difference between the A and the D trailing back 20 days (I think---will have to dig into the notes). Anyway, he has been very succeessful with it, as I noticed perhaps 3 years ago he added the oscillator to his newsletter and since then he may have struck out with it once. His technique is to take the past period of time, like I say I think it is a trailing 20 days, get the average difference between the A and the D and that is your oscillator point. Perhaps he even mentioned this in his last book, I don't know as I have not read it. Anyway when the oscillator point goes above 180 he views the market as overbought. BUT, he does not sell it (buy puts) until it goes back below 180. The reverse is true on the -180 point. If you are interested I will try to dig up the exact formula.

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