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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (4464)	4/15/2000 12:24:00 AM
From: fut_trade	Read Replies (2) \| Respond to of 7434

...There has to be something to this Cycle stuff I believe some of it. geocities.com Here is a U/D plot for this year. The y-limits for U/D range from 0 to 15%, but the axis is not labeled. A red bar (D is the top of the bar and U is the bottom) indicates a down day and a black bar (U is the top of the bar and D is the bottom) is an up day. A tall black bar touching the bottom of the chart indicates a day in which most of the stocks are moving upward in phase. The intraday chart should resemble a nearly straight upward-sloping line. In contrast a tall red line indicates most of the stocks are moving downward in phase and the intraday chart of the SPX should be a downward-sloping line. A black or red dot indicates that U and D are about the same value and that half the stocks are moving up and half the stocks are moving down - the market is out of phase. The intraday chart should show an index price oscillating up and down throughout the day. The higher the U/D dot is, the bigger the oscillations of the intraday chart should be. So I see a U/D plot as a way to look at a daily chart of the SPX and visualize what might be happening intraday. The only predictive power would be if a trend in the red or black lines is observed.