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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (19892)	12/13/2002 11:18:26 AM
From: LTK007	Read Replies (2) \| Respond to of 30712

here's jeff's code:) compiled by augieboo << DEATH BLOW, aka D'Blow, or Blow Occurs when a stochastic oscillator, (often referred to simply as a "stoch" or "sto"), crosses up out of oversold, only to be smacked back down before reaching the 50 line. This is considered quite bearish. IMPORTANT POINT In order to make sure that the Death Blow you are seeing is authentic, you have to be sure that your stochastics are set to the correct settings, which are: Fast -- set at 10-10 Slow -- set at 5-5 Full -- set at 14-3-3 Why is it important to watch these settings and no others? Because these are the settings that Jeff watches. Why does Jeff watch these settings? Because these are the ones he has found to be ideal. How did he find them to be ideal? By using them, of course. But, how can we be sure these are really the best ones to use? STOP ASKING SO MANY FOOL QUESTIONS, OR YOU'LL BE NUKED! For you disbelieving infidels who simply MUST see proof, you can go to this thread on SI and see the results of a careful study of DB and AV, (see below for AV definition), which shows exactly how much predictive power these signals have: Subject 53453 ************************************************************** ANTI-VENOM The opposite of a Death Blow, i.e., a stoch moves down from overbought, then rebounds upward at the 50 line. Everything else about them works just like Death Blows, except in reverse. ************************************************************** t-q Generically, "t-q" means TRINQ, i.e., the Short Term Trading Index, (aka the Arms Index), for the Nasdaq. In retrace parlance, however, it often means a TRINQ reading of 5+. Such a reading is considered to indicate a short-term bottom which should be followed by a short-term top. That short-term top should be followed by heavy tankage, and should not be exceeded for the duration of the retrace. Here's a post by Jeff on the subject: #reply-17950059 The problem is, I'm not really sure the T-Q works the way it's described by Jeff, except during periods when the Nasdaq is already in a down trend. Here are two charts I created highlighting days days with a TRINQ of 5+. Take a look and decide for yourself what, if anything, a TQ-5 really means.>>