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Here's what I mean by VIX detected bottom. Chart shows the sharp rise of VIX (an
unsustainable rise of course) against the sharp fall of S&P 500. Is there anything
like that for MACDBull/Bear and BullPressure/BearPressure ?
Anthony,
If you can spare time, will you please post your charts for May-June-July period ?
I guess it will be better (for me) to take a short-term look.
Regards,
- Salil V Gangal
--- Salil V Gangal <salil_gangal@xxxx> wrote:
> Dimitris,
>
> Very interesting.
>
> I monitor and analyze just the 'standard' Breadth Indicators - McClellan /
> Advancing-Declining and New-High-Lows. Nope they did not detect sharp upturn.
> (VIX
> did.)
>
> Quick questions - Did the 'composite' detect it ? Or is the purpose not really to
> detect the bottom (and top) at all ?
>
> You've documents the references well ... I'll go thru those.
>
> Regards,
>
> - Salil V Gangal
>
>
>
>
> --- Dimitris Tsokakis <TSOKAKIS@xxxx> wrote:
> > I posted an article some days ago at
> >
>
http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=articles/DirectionOfMarket1.htm
> > The end of the article was the
> > References
> > http://groups.yahoo.com/group/amibroker/message/3075
> > http://www.amibroker.com/library/detail.php?id=177
> > The editor published the article without the references for his own respectable
> > reasons.
> > Readers know very well that I ALWAYS give references, when it is neccessary.
> > I could not change this rule for this article .
> > I had the idea to create the "Breath indicators" and discussed the subject in a
> > long private communication
> > with Tomasz Janeczko, amibroker.com.
> > I posted the "New categories" [June 28, 2001] and the "Definitions" [June 29,
> > 2001] for OSI and OBI, at
> > http://groups.yahoo.com/group/amibroker/message/2845
> > http://groups.yahoo.com/group/amibroker/message/2846
> > Tomasz, an excellent software designer, prepared and released for Amibroker
> users
> > the composites technique with his
> > http://groups.yahoo.com/group/amibroker/message/2857, on July 1, 2001.
> > I still believe my first comment at
> > http://groups.yahoo.com/group/amibroker/message/2858
> > "I believe that it is the dawn of a new era in Technical Analysis."
> > The "New Breath Indicators, part I" was posted on July 2, 2001 at
> > http://groups.yahoo.com/group/amibroker/message/2865
> > Some hours later, a reply by Tomasz Janeczko was posted at
> > http://groups.yahoo.com/group/amibroker/message/2867
> > "Mr. Dimitris Tsokakis has done great job introducing these new breadth
> > indicators.
> > What is the most important is that they give quite good and reliable signals
> > before important market moves. I would advise to test his work on your local
> > markets and see for yourself."
> > In Amibroker 4.0 users guide you may read also, in AddToComposite() function:
> > [more info], 2.4 notes
> > "The idea was originally presented in the
> > 12/2001 issue of AmiBroker tips newsletter.
> > Special thanks to Mr. Dimitris Tsokakis for very constructive discussions that
> > allowed creation and enhancements of this idea. "
> > Since than, many Breath Indicators and Applications were presented at
> > http://groups.yahoo.com/group/amibroker/message/
> > and at the AFL Library
> > http://www.amibroker.com/library/list.php.
> > I hope these details will make things more clear.
> > Someday we will read the "History of Technical Analysis" and our name may be
> > included in a small corner.
> > Until then, we may avoid any confusion and join our postings with the
> appropriate
> > references, as it fair to do.
> > Dimitris Tsokakis
> >
> >
> >
> >
> >
> >
>
>
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