|
Hi Bill,
yes... STORSI (21,13,8) is moving up, but that is the slowest -to react- of the STORSI's I plot. The STORSI(8,5,3) is actually closer to bottoming, and STORSI (13,8,5) is turning down from a high level. I like to look at all 3 to get a feel, as they all play off of each other, IMO.
So why are we believing the grand fork down theory when the charts don't support the theory???
I'm not sure what that means... there are some nearer term down-forks that have been working well lately. I'll stick to a fork until its broken or otherwise invalidated. As for charts supporting he theory, that to me is the art of TA.
I strongly believe that if one wants to see something in a chart he will. In fact, if he looks hard enough, he can probably see anything and everything. consequently, most tradng, imo, comes down to trading our opinions and the things we have to support our opinions. FWIW, talk to you later
Regards,
Frank
|
