SI
SI
discoversearch

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.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (41442)12/10/2002 7:04:09 AM
From: Vitas  Read Replies (2) | Respond to of 52237
 
>>Can I ask why crossing above zero now means LT bullish? It certainly didn't mean that when it crossed over last march<<

'cause i sez so -g-

just look at the long term chart
various failures right at zero

ostensibly there are many reasons why October likely was the bottom

a cross above zero would confirm it, although if it backed down again below zero you would have to reverse - no big deal

there are reasons why October could be at least re-tested or even taken out

primarily because the 1 percent udv oscillator did not get oversold to the degree that it did at a the major market bottom in 1974

interesting analysis:

"Sherman MCClellan says that the market has very little ability to go up without a significant consolidation first. In addition, he points out that the Summation Index does not show that we have a new bull market."

aegeancapital.com

aegeancapital.com