To: Gary Payton who wrote (78152 ) 1/9/2000 2:38:00 AM From: Scrumpy Read Replies (1) | Respond to of 120523
IFCI TA... Time interval: Daily RSI (Indicator): Conventional Interpretation: RSI has issued a bearish signal (RSI is at 71.73). When RSI crosses above the overbought line (currently set at 70.00) a sell signal is issued. Additional Analysis: RSI is in overbought territory (RSI is at 71.73). However, the market may continue to become more overbought before a top is established, particularly given the 45 bar new high here. Look for a downturn in RSI before taking any bearish positions based on this indicator. Stochastic - Fast (Indicator): Conventional Interpretation: The stochastic is in overbought territory (K line is at 76.91); this indicates a possible market drop is coming. The stochastic is in oversold territory (K line is at 76.91; this indicates a possible market rise is coming. Additional Analysis: The long term trend is UP. The K component is showing the market is oversold. Look for a bottom soon. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to. ThomasDeMark Expert (Indicator): TD REI = 67.79 and rising. TD Channel II high = 8.6263, low = 7.5040. REI is in overbought territory and it?s value is still rising. Generally, you should expect the market to turn down soon. Consult the other indicators and the Special Conditions Report for confirming evidence of a possible top. The Close of this bar has exceeded the upper channel boundary. Once the market retreats back inside the upper band, expect prices to move down toward the lower channel. Note: When the Close of a bar is beyond the upper channel, the market can be in a run-away phase and price action can accelerate in the same direction. Use caution and wait for the Close to be within the channel to confirm a top. Also, consult the other indicators and the Special Conditions Report for confirming evidence of a possible top. Williams Acc-Dis (Indicator): Conventional Interpretation: Signals are generated by examining divergences between Williams' Accumulation - Distribution and the underlying market. A new high in the market which is not accompanied by a similar new high in the indicator is considered bearish. Similarly, it is bullish when the market has reached a new low without a new low in the indicator. The market has reached a 45 bar new high here which has been confirmed by a similar high in Williams' A/D. No signal is generated here. The market has reached a 9 bar new high here which has been confirmed by a similar high in Williams' A/D. No signal is generated here. CCI Average (Indicator): Conventional Interpretation: CCI (301.55) recently crossed above the buy line into bullish territory, and is currently long. This position should be liquidated when the CCI crosses back into the neutral center region. Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (301.55) is currently long. The current long position will be reversed when the CCI crosses below zero. Adding bullish pressure the market just reached a new high. DMI (Indicator): Conventional Interpretation: DMI+ is greater than DMI-, indicating an upward trending market. A signal is generated when DMI+ crosses DMI-. Additional Analysis: DMI is in bullish territory. And, the market put in a 45 bar new high here, adding bullish pressure. Volume Average (Indicator): Conventional Interpretation: The current new high and positive average are accompanied by volume that is above the average volume, suggesting some strength behind the current move. Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market Trend, based on a 5 bar moving average, is UP. The current new high is accompanied by increasing volume, suggesting a continuation to further new highs. However, be careful to avoid buying in an overbought market. RSI or MACD may be helpful here. ADX (Indicator): Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is rising. Additional Analysis: The long term trend, based on a 45 bar moving average, is up. Further, a rising ADX indicates that the current trend is healthy and should remain intact. Look for the current uptrend to continue. Chaikin Oscillator (Indicator): Conventional Interpretation: The Chaikin Oscillator generates a signal when the underlying asset reaches a new high or new low which is unconfirmed by a similar new high or new low in the oscillator. The market has reached a 9 bar new high which is unconfirmed by a similar high in the oscillator. This is generally bearish. However, the current trend is up. Since the Chaikin oscillator only generates signals in the direction of the current trend, no signal is generated here. Expert Analyst (Indicator): Long Term Outlook: The major trend is up. A declining ADX value suggests a continuation of the current choppy market. Short Term Outlook: The market is in a short term uptrend. Looking exclusively at Stochastics: The short term trend looks a little bottomy. The fact we've had three up bars of SlowK and we're trading in a low area of the stochastic is a little bullish short term. A possible short term up move may occur. MACD (Indicator): Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the fast moving average crosses above or below the slow moving average. Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the market just put in a 45 bar new high here. Look for more new highs. Money Flow (Indicator): Conventional Interpretation: Money Flow issues a signal when a new period high or low is reached in the market which is not confirmed by a similar new high in the Money Flow Index. The market reached a 9 bar new high here. However, the move was accompanied by a similar new high in money flow. Therefore no signal is generated here. Additional Analysis: In addition to examining divergences at extreme points, such as new highs or new lows, divergences in trend can also signal a reversal. Here, based on the direction of a 9 bar moving average, Money Flow is trending down despite an advance in the market trend. This suggests a bearish reversal within the next few bars. Percent R (Indicator): Conventional Interpretation: %R is inconclusive on this bar Additional Analysis: The long term trend is UP. %R is inconclusive at the current level.