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Sometimes a gif speaks better than text.
After a short bullish period from A to B, the 32% bulls [green line]droppedto 0% for the benefit of congestives [yellow line].
The bears [red line] began to increase before C and rapidly reached the 50%bears, 50% congestives, fighting to conquer
the market [65% vs 35% yesterday...]
Bulls are in a deep sleep since May 22 [point C].
Some pessimists say that a bull sleeping for 28 days is a dead bull, but, they are pessimists.
As for the future, do not expect any surprise. Bears will decrease someday for the benefit of congestives and lazy bulls will
wake up slowly. The same attitude all the time, no matter of WCOM or any XCOM strange results.
This interesting indicator can not predict when, just "read" the daily graph and you will see.
For me it is better than various articles in paper or electronic form
[As you see it is quite fast, its lag at B was zero]
Until then, cash is the king, especially when the market will "forget" the scandals.
As for the Trending or Trading indicator, the market is definitely bearish from point X untill now [BEAR >50%]
I think both indicators may protect from wrong decisions during this cloudyperiod.
Dimitris Tsokakis
Reference:
http://www.amibroker.com/library/detail.php?id=176
and respective comment and
http://www.amibroker.com/library/detail.php?id=177
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<DIV><FONT size=2>For a more general picture, 3 complementary gif for
N100.</FONT></DIV>
<DIV><FONT size=2>3/2000 till 12/2000, 1/2001 till 10/2001 and 11/2001 till
now.</FONT></DIV>
<DIV><FONT size=2>DT </FONT></DIV>
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:tsokakis@xxxx"; title=tsokakis@xxxx>Dimitris Tsokakis</A>
</DIV>
<DIV><B>To:</B> <A href="mailto:amibroker@xxxxxxxxxxxxxxx";
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx</A> ; <A
href="mailto:Trading_Systems@xxxxxxxxxxxxxxx";
title=Trading_Systems@xxxxxxxxxxxxxxx>Trading_Systems</A> </DIV>
<DIV><B>Sent:</B> Wednesday, July 03, 2002 1:14 PM</DIV>
<DIV><B>Subject:</B> The Market Direction</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>Sometimes a gif speaks better than text.</FONT></DIV>
<DIV><FONT size=2>After a short bullish period from A to B, the 32% bulls[green
line]dropped to 0% for the benefit of congestives [yellow line].</FONT></DIV>
<DIV><FONT size=2>The bears [red line] began to increase before C and rapidly
reached the 50% bears, 50% congestives, fighting to conquer </FONT></DIV>
<DIV><FONT size=2>the market [65% vs 35% yesterday...]</FONT></DIV>
<DIV><FONT size=2>Bulls are in a deep sleep since May 22
[point C].</FONT></DIV>
<DIV><FONT size=2>Some pessimists say that a bull sleeping for 28 days isa dead
bull, but, they are pessimists.</FONT></DIV>
<DIV><FONT size=2>As for the future, do not expect any surprise. Bears will
decrease someday for the benefit of congestives and lazy bulls will</FONT></DIV>
<DIV><FONT size=2>wake up slowly. The same attitude all the time, no matter of
WCOM or any XCOM strange results.</FONT></DIV>
<DIV><FONT size=2>This interesting indicator can not predict when, just "read"
the daily graph and you will see.</FONT></DIV>
<DIV><FONT size=2>For me it is better than various articles in paper or
electronic form</FONT></DIV>
<DIV><FONT size=2>[As you see it is quite fast, its lag at B was
zero]</FONT></DIV>
<DIV><FONT size=2>Until then, cash is the king, especially when the market will
"forget" the scandals.</FONT></DIV>
<DIV><FONT size=2>As for the Trending or Trading indicator, the market is
definitely bearish from point X untill now [BEAR >50%]</FONT></DIV>
<DIV><FONT size=2>I think both indicators may protect from wrong decisions
during this cloudy period.</FONT></DIV>
<DIV><FONT size=2> Dimitris Tsokakis</FONT></DIV>
<DIV><FONT size=2>Reference:</FONT></DIV>
<DIV><FONT size=2><A
href="http://www.amibroker.com/library/detail.php?id=176";>http://www.amibroker.com/library/detail.php?id=176</A></FONT></DIV>
<DIV><FONT size=2>and respective comment and </FONT></DIV>
<DIV><FONT size=2><A
href="http://www.amibroker.com/library/detail.php?id=177";>http://www.amibroker.com/library/detail.php?id=177</A></FONT></DIV>
<DIV> </DIV></BODY></HTML>
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