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

To: Galirayo who wrote (137517)	10/17/2006 8:08:31 AM
From: Moominoid	Respond to of 209892

I'll bet you they both can be aggressively overbot for weeks on end. ;) They can. The problem with model 1 is sometimes a moderate degree of overboughtness lead to a reversal and sometimes only the most extreme condition (which we are approaching). Model 2 gives decision rules about what to do. Yesterday it was still long. We will need to see if today can change anything. I was expecting Wednesday could be a potential turning point day. Will be very busy today so whatever happens will need to wait till Wednesday.