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

To: skinowski who wrote (134612)	7/22/2006 11:31:31 AM
From: Moominoid	Read Replies (1) \| Respond to of 209892

Btw, notice on your Stoch the period between last August and last February. I call this "Stochastic H&S divergence"... g/ng. Works surprisingly often. Not sure what you mean? The stochastic is a bit noisy in this period but otherwise nothing special? On NDX my stochastic forecasting model has had a 5 day losing streak :) In the past record 5 or more day losing streaks come by once a year on average. 6 day streaks are very rare. I read the last 4 days as A-B and expect the C wave now. Volkmar Hable's report is expecting the same - though he didn't expect the decline from July 3rd even when it got underway.... I expect this is wave 2 of a wave C or 3 down in NDX and wave X of the second SPX zigzag down.... that suggests that in a couple of weeks wave 4 of C or 3 on the NDX will be of shorter duration so that it doesn't create a significant wave in SPX and keep the counts in order. The trickiest thing so far with my model is predicting when the persistent overbought/oversold condition will end. So that is what I am working on in my ongoing research. In this case it ended on Wednesday with a sharp move up in the stochastic. stockcharts.com I am not expecting the stochs to cross over on Monday to the downside though they look like they want to do that. That would be VERY surprising. Notice that at the end of May the same thing happens - the stoch pauses for a B wave down and then the C wave takes the stoch higher.