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Ken,
I just give some hints, some reasons to discuss.
I do not like copy/paste verbatim methods.
In final analysis it is useless to the reader and I am sure about it.
We trade at our own risk.
My effort is to enlarge the T/A library with innovative methods and,
perhaps another "point of view".
Decision making and, above all, application is a hard story.
If my postings help to develop YOUR ideas, I would be really happy.
Thank you for co-operative spirit.
Dimitris Tsokakis
--- In amibroker@xxxx, "Ken Close" <closeks@xxxx> wrote:
> Dimitris:
>
> Thanks. Yes I see the bears. I realize the rest is up to me,
which is why
> I will test some more.
>
> Your various different methods of calculating and plotting
relationships are
> a marvel to me, and becoming quite useful to me also.
>
> You are quite creative in developing these and I thank you for such
generous
> sharing.
>
> Ken
>
> -----Original Message-----
> From: dtsokakis [mailto:TSOKAKIS@x...]
> Sent: Wednesday, July 03, 2002 8:06 AM
> To: amibroker@xxxx
> Subject: [amibroker] Re: The Market Direction
>
>
> Hi Ken,
> I already posted 3 complementary gifs from 3/2000 till now.
> I do not study the 98/99 period.
> There is no reason.
> If, someday, we will have similar conditions and if I keep on
> trading, may be.
> But not now !!
> The forest is full of bears, don t you see them ?
> You may study this, or another period or another stockmarket.
> For Athens SE it works fine the last 30 months and it is my day
> consultant the last year. We were lucky enough to have the ability
of
> multiple securities calculations since
> http://groups.yahoo.com/group/amibroker/message/2865
> For the recent period of my posting it is quite informative, I
think.
> The rest is up to you.
> Dimitris Tsokakis
> --- In amibroker@xxxx, "Ken Close" <closeks@xxxx> wrote:
> > Good morning, Dimitris:
> >
> > I have played with this and would like to ask you: The gif you
> present is
> > pretty much on target for the current time you show, but after I
> scan and
> > plot and scroll backwards over the NDX, I do not understand the
> value of
> > this construction. The yellow congestion line, established by the
> > increments of the rs parameter, stays high, even during obvious
> periods of
> > bullishness that we all recognized--the 1998-1999 period leading
up
> to
> > Mar,2000. (This with the NDX.)
> >
> > I also tried to do this with the RUT (admittedly not with all the
> stocks and
> > knowing that these change). The yellow congestive stayed right
> along the
> > top with the red and green hugging the bottom.
> >
> > So can you elaborate how you would interpret the yellow, red,
green
> lines
> > back then in order to gain confidence in what they are "saying"
> now. No
> > offenxe, but having looked in the past I do not know how to use
> this to any
> > value.
> > Thus my respectful questions to you.
> >
> > Thanks,
> >
> > Ken
> > -----Original Message-----
> > From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> > Sent: Wednesday, July 03, 2002 6:15 AM
> > To: amibroker@xxxx; Trading_Systems
> > Subject: [amibroker] The Market Direction
> >
> >
> > Sometimes a gif speaks better than text.
> > After a short bullish period from A to B, the 32% bulls [green
line]
> dropped
> > to 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 cloudy
> > period.
> > 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
> >
> >
> > Yahoo! Groups Sponsor
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
>
>
>
>
> Your use of Yahoo! Groups is subject to
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