Isn't the 10 day moving average 18.06% below the 200 day moving average or are my math skills totally in the toilet? I put in pink and green bands to correspond roughly to what Goefert used as break points. I don't have on this chart is the slope of the S&P 500, but I believe it's 200 day ma started to decend beginning in mid January.Wednesday, May 7, 2008
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Isn't the 10 day moving average 18.06% below the 200 day moving average or are my math skills totally in the toilet? I put in pink and green bands to correspond roughly to what Goefert used as break points. I don't have on this chart is the slope of the S&P 500, but I believe it's 200 day ma started to decend beginning in mid January.
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2 comments:
If we are in for extended transition or range trading, then sentiment readings might be a very good way to trade ob and os. Are we going to get to know about your sentiment parameters even if you are unable to post the respective charts? Who knows, might make me a subscriber.
jasper
I'm not sure if we're headed into an extended trading range, but the combo of trend and sentiment indicators suit me fine.
I'll try to post how I use sentiment indicators as I get a chance. It really isn't rocket science.
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