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INTERPATION SWIM-INDEX: Say the Zig Zag is in between
+1.1 & -1 since last 20 days and to- day it’s +1.13.
As the value is positive it’s clear that it was heavy
buying to-day. Now, as value of to-day’s Swim Index
have crossed the earlier peak, say the highest value
was 1.1 in last 20 days, thus, a trend reversal is
near, in next 2-3 days, which should be down trend or
at least consolidation before resuming the trend
higher. Reverse applies for down trend.
What is Logic behind this?
Well, everyone has his own reason to buy or sell a
stock. And this indicator helps me to measure the
Greed & Fear of other traders as highest reading hints
that almost everyone was dying to buy the above
mentioned stock thus, pushed the stock price or people
who were thinking to buy have bought the stock & there
is chances of less demand for particular stock which
can halt it’s upward movement & if it’s happens than
there will be traders to book-profit or cut losses
which will turn the trend to down. One can expect this
in next 2-3 days. Please take a look at attached jpg.
Johnny
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