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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (27311)	1/9/2002 6:40:11 PM
From: AllansAlias	Respond to of 209892

You had mentioned the other day that you thought perhaps rotation reached an extreme at tops. I have done a study of this phenomenon using COMPX versus XMI (non-tech). Rotation does increase at turning points, and is perhaps slightly more common at tops than at bottoms. The last decent extreme we had where the occurrences of up days in tech versus down days in non-tech was going into the Aug/2000 top. The last decent extreme the other way, where we had an extreme in the frequency of tech down days versus non-tech up days, was going into Dec/2000 bottom. Since then, rotation has become less common over time. If you plot the moving average of the count of days where we had rotation either way, you see a long wedge since Dec/2000 -- showing that rotation is easing slowly over time. It will be interesting to see when we break out of this wedge. Is this clear? edit: I forgot something, so see my next post to you coming shortly.