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To: SwampDogg who wrote (213)	7/17/1999 8:29:00 PM
From: scouser	Respond to of 388

I can only reiterate- ".. %R has some tendencies to be a leading indicator (in other words, to bottom out or peak before the price does)," I have used it, as quoted ,from IRQ to get amazing results on this thread Subject 28706 and many others. Please refer to the graph posted by Jim Bishop 209.67.221.61 It is a BB stock, the ones you say I can't T/A. Twice now the williams%R has crossed above the -50 to a less negative #. In Both cases that cross above confirmed the price rise ( and still rising- 500% so far) proving it can be "leading indicator". Now I think everyone understands what a leading indicator is -up or down ,the relativity off a negative number or positive number is only relative to the source of the statistic- IQC-bigcharts-PQT etc. To make it easy for people like me ;-) if it points up the price should be / may soon be- rising, the reverse is also true. As for oversold/overbought that is not the issue here, for the layperson, me and anyone reading MY origional post , the issue is - what is the chance of a gap up next week- and using POE ( plain old english) and a visual aid , courtesy of bigcharts- who BTW seem to think we can T/A BB's or they would not provide such a service- is what I set out to do. SCOUSER