Doug,
re PRTL
Here's some more stuff, care of DeMark, supporting an imminent fall --
PRTL is on day #10 of a sell sequential.
Setup day #1: 1/9/98
Setup day #9: 1/22/98
Intersection: 1/26/98
Countdown days: 1/30,2/2,2/3,2/4,2/5,2/6,2/13,2/17,2/18,2/19
Potential recycle as a new sell setup is on day #4.
DeMark has two rate of Change oscillators (TDROC1 & TDROC2) which I've just recently coded in, and they both just registered an EXTREME OVERBOUGHT condition on 2/9 & 2/10 indicating a continuation of the upward trend. (we can see that this held true) Interpretation of these indicators calls for a MILD overbought condition before selling would be called far. Looking at the data, it is very possible that yet another Extreme reading will come about before this happens.
at any rate, just thought it might be interesting to see how a completely different angle on the TA is supporting your own IL/ACT.
-dave |
