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To: Berney who wrote (6594)8/19/1999 9:28:00 AM
From: MonsieurGonzo  Respond to of 11051
 
TB:" chartz... "

Berney, I stuck a T+2 T/A version of my SPYNDX chart up on the 'net for you to chew on...

geocities.com

...a "T+2" chart is a more classical candlestick construct - when two days "sum to zero" it will show a doji = possible reversal a little quicker than a T+3 T/A chart.

For example, yesterday the SPYNDX T+2 chart shows a doji candlestick indicating "neutral sentiment = UpWave exhaustion?" kinda sentiment, fwiw.

However, I'm beginning to like the T+3 charts more than my weekly charts... for one thing, they're dynamic - we can roll them over every day, giving us a kind of weekly chart preview (encouraging us to be patient) and for another thing, the T+3 charts eliminate a lot of noise.

Unfortunately, my METASTOCK "Point&Figure" chart generator facility is piss-poor - for our purposes, it needs to be driven by intra-day data, and all I got is end-of-day OPEN/HIGH/LOW/CLOSE info with which to construct a P&F chart from.

...keeping my eyeball on that Yen-Yank again; mind the options flux.

-Steve