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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (6950)	2/24/1999 6:02:00 AM
From: bearshark	Read Replies (1) \| Respond to of 99985

Vitas: Thanks for posting your note. The five-day ARMs reading worked once consistently from about 10/97 to 1/98. Other than that the 5-day ARMs is inconsistent at best. I posted a study back then that shows a number of wrong indications given by the 5-day ARMs. The best way to use an ARMs reading covering a period of time is to first take apart the computation and understand it. Although I consider the 5-day ARMs of no value in the traditional sense, I use variations of it throughout the analysis I do. Currently, I believe we should watch to see if the 5-day ARMs is pinned at 4 for several days in a row. Additionally, a 5-day reading below 4 within the next week, that goes against the trend would be bullish. If this is accompanied by heavy volume, we are on our way to 11,000. If I get a chance this evening, I will try to post the brief study that I did.