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The day seems to give the reaction point.
Not bad at all. It might be worse.
Although some serious analysts suggest to wait for even shorter days,
some profitable shorts may be covered.
As for new long positions, this level needs more verification.
This is my personal opinion.
In the case of a few days up and down, Stochastic probable
divergences would be a nice signal.
I wish I could calculate the MeanRSI and the MeanRSIt before the
bell, but, for now it is not possible.
May be, someday, we will execute this interesting calculation.
Tomasz, how about this future dream ?
With yesterday´s value at 36.15 and cross line at 36, it is more than
hot to know before the bell.
Anyway, we are in the happy position to use an excellent tool, which
will be better and better.
My sincere thanks to Tomasz Janeczko.
Dimitris Tsokakis
--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> There are many ways to get the same result.
> I was writing for the difficulties to find a new support of Nasdaq
100.
> Another confirmation comes from the composite indicator of the att.
gif.
> As you may see, it rarely exceeds 90 or falls below 10.
> It usually reacts before reaching these levels.
> The red line ended at 9 yesterday without any apparent resistance.
> We may be close to the reaction point, but it is better to see that
first.
> The very negative slope of the curves the last 6 days does not
excuse
> any mistake.
> Dimitris Tsokakis
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