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Strategies & Market Trends : The Stock Market Bubble

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To: R Stevens who wrote (775)	7/21/1998 7:20:00 PM
From: Les H	Read Replies (1) of 3339

There is a software that does it. IRL (Investor's Reference Library). It was developed by Ian Woodward. Below is the text for the Help for IRL describing High Jump Indicator. Ian Woodward's High Jump Indicator To evaluate when a market index, an industry group or a stock is getting over-extended (or under-extended) from a technical standpoint, Ian Woodward* uses his High Jump indicator. The analogy is this: Just as a high P-E (which is at the outer limits of the historic range) is a warning sign to the fundamentalists and value investors that a stock is overbought or oversold, the peak values of the High Jump indicator are cautionary points of over-extendedness to technicians and high growth stock investors. The indicator is called "High Jump" because its value lies in depicting the previous occasions in which a security has extended itself to peak values as measured from the high price to the 17 Day Moving Average, plus the 50 Day Moving Average, plus the 200 Day Moving Average. Added together, these respective percentage distances equal the High Jump Indicator value. Peak values represent the red caution flags when a stock or an index is obviously over-extended and due for a correction. He has a web site sosadvisors.com where he describes the concepts he uses and publishes a newsletter. He also has a free forum at wallstreetcity.com. If you select the "Talk" section at the top of the home page. It will take you to the forums front page, where there are only two forums: High Growth Stocks Forum (by Woodward) and Cyber-Investing. It is free to register and participate. I believe he formerly used MetaStock to calculate this indicator for individual stocks and indexes.

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