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To: nspolar who wrote (26072)4/18/2005 2:20:49 PM
From: Moominoid  Respond to of 60929
 
It's based on last week's close and a regression analysis on weekly closing NDX values up to that point. Now it can stay turned on for a few weeks. Back last August it was on for 2 weeks. This time there is a buy for the week starting 28 March and then off and then again last week... so that's why it should be used in conjunction with something else. A big range of outcomes would leave the indicator still "on" for this week. It marks potential turning points. The last monthly buy was September 2002. And sometimes there are buy or sell signals and then no follow up sell or buys :)



To: nspolar who wrote (26072)4/18/2005 6:12:44 PM
From: yard_man  Respond to of 60929
 
dude, there are lies, damned lies and econometrics ... PTL for the Austrians. Regression is for regressives <g>