Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (789)	7/22/1998 12:40:00 PM
From: Les H	Respond to of 3339

It gave four buy signals in early June. The strength of the signal depends on the technical indicators that trigger the rules for the signal. 21-day stochastic crossover is one of the rules that tends to trigger a stronger signal...above 95. Since you need weakening momentum to confirm a downtrend is starting, there is always some delay after the intraday top. Just as the extreme overbought/oversold conditions of indicators tend to be early in detecting reversals...often there are climax runs when indicators are overbought. Another way to express the 200-day moving average variance or High Jump Indicator is to simply use the 95% moving average envelopes centered about the 28-day ESA and the 28-week ESA. The Nasdaq was touching the upper band in both and started to back off. The Dow and S&P are only touching the upper band in the daily moving average envelope.