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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (607)	3/25/1999 12:41:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 10599

That is not the graph of 4 weeks moving average of high-lows. It is updated daily as the "the number of stocks making new highs in the past 4 weeks minus the number of stocks making new lows over the past four weeks". The graphs that you are seeing are the weekly charts of this daily information. Look at the charts carefully and you'll see that this has been an excellent indicator. I am not here to catch every daily or even weekly fluctuation. As I said in the thread's header, my time frame is 2 months to 2 years. So I can afford to lose a months worth of gains, if it helps me to see things more clearly. >>I am not saying today is a turning point. If it were, it would take weeks for the 4 week hi/lo ma to show it<< I am all ears to for a reliable indicator that can let me know of the tops and bottoms faster. What are you suggesting? I can only react to information that I see in its historical context. I have no way of knowing what moment marks the turning point in advance. ST