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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: d j chen who wrote (4050)	8/2/2000 8:08:33 PM
From: LaVerne E. Olney	Respond to of 19219

d j: I know only what is in the link: PowerShifts start with the identification of an intermediate-term extreme oversold or overbought condition and then look for enough strength or weakness to reverse the condition. For example, a PowerShift buy occurs when a stock has traded beneath a key moving average for an extended period of time and then encounters sufficient money flow to break the back of the decline. As with all indicators/systems, PowerShifts are vastly more successful when they are in sync with the main trend, buys in rising markets and sells in declining markets. Otherwise you'll find PowerShifts mark short consolidations before the primary trend reasserts itself. John Bollinger's CNBC interview was mainly spotlighting the recent buy signals. The fact that he used numbers to express the strength of each signal makes me think that his powershift system is testing a small universe of stocks against a buy/sell indicator (?Chaikin money flow) and then simply adding the daily number of buy and sell signals (which is what I do using STOCHRSI). leo