Ivan, Rick,
INTAF: previously known as STCCF.
From this post:
Message 7193417
The pullback after the January peak led to deterioration in the 13, 8, 8 stochs but left the probability of the 89, 3, 5 signal intact. A crossover on the 89, 3, 5 on 2/3 preceded recovery of the 13, 8, 8 which crossed on 2/8 after NOT reaching oversold.. That 13, 8, 8 crossover led the 89, 3, 5 to put in a knee that day. That was one day prior to the 89, 3, 5 signal exhibited by the indicator's move over 80. The 13, 8, 8 crossover was a "last call" type of TA signal on INTAF.
Curses that something so obvious occurred while I was away. Oh well, there'll be more.
Currently, the 13, 8, 8 is still below 80 and it's probable that the 80 line will become resistance as the price moves over 4 and lingers there for a day or two. As the 13, 8, 8 nears 80, keep an eye on the 4, 3, 2 for strength if 80 will be taken out or weakness if 80 will become resistance.
Way to hang in there with it,
Doug R |
