Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: peter n matzke who wrote (4110)	8/7/2001 10:44:43 PM
From: Chip McVickar	Respond to of 8150

>>Have you ever applied a 10 day net difference between advancing issues and declining issues on the nyse...on a cumulative basis? Not a moving average, but cumulative sum. It's suppose to be an oversold..., overbought indicator. << da cheif answered NO it wasn't worth the attention. <smile> Picked it out of the June issue of Dan Sullivan's "The Chartist" newsletter. (Who is down 10% on the year to date trading stocks) He uses it as an oversold/overbought indicator with -4000 as an oversold signal. The lowest reading was -3380 on June 14th. Suggesting the markets will go down further before a bottom. As a cumulative study one would add and drop one day for each and then take the net differenace, I've not taken the time to work it up, but may. There's thousands of these formulas..., wanted to know if he'd ever used it. I don't believe I'll bother with it...!