Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (30127)	10/4/1998 11:02:00 AM
From: Joseph G.	Read Replies (1) of 94695

You described how to calculate a 25 SDMA of NYSE A/D, and the use of it as it crosses zero as buy/sell signals. These A/D oscillators, with different length, are in all TA and TA related books. Needless to say, they all give plenty of whipsaw signals in various market conditions. Last few years were not characteristic of usual market behavior, and are not a good statistical ensamble to base one's decisions on. It is not different from saying: last four years market went up till July 17, 1998, so if we assume it will continue to go up, then the conclusion is it will go up. It's called GIGO.

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