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Hi Johnny,
Thanks for the interpretation,
Anthony
kailash pareek wrote:
> Hi,
>
> 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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