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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: jjstingray who wrote (7057)1/14/2003 8:04:06 PM
From: ajtj99  Read Replies (3) | Respond to of 10157
 
Here, check this chart, jj:

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J8221256,Y]&pref=G

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

The -15 area has been the place where the daily chart has made pivot highs. We've hit that area 6-times on the NDX between Oct. 28 and Dec. 2. All were pivot highs. With the exception of Dec. 2, the greatest number of down days following the top was three, in mid-November.

What I'm saying is that if anyone is looking to go short, this indicator has been pretty decent during the trend off the October lows. I've been emphasizing it since the weekend, and it's not at the target yet.

Guess what? We've been inching up at the same time.