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A quick interpretation :
The series of the last 5 red candles is
interrupted.
The selling pressure is over.
The market will try to build up a new [bullish]
trend.
Dimitris Tsokakis
----- Original Message -----
From: <A
title=tsokakis@xxxxxxxxx href="">Dimitris Tsokakis
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, February 05, 2004 12:58 PM
Subject: The last [dangerous but profitable] days of a
trend
We often see in the N100 group trendy periods. The market is
easily going higher and higher.
More and more buyers "understand" that something is going on
and gradually decide what they were afraid yesterday :
To step in, not to loose the party.
The last days are the most profitable, if your entry is old
and the most dangerous if your entry is young.
The green candles indicate the mature phase of the uptrend, we
should be ready to pull the Sell trigger immediately.
The red candles work for the Short side.
I think it is another way to avoid the usual but crucial
mistake of the delayed entry.
For the whole N100 market scan all stocks, all quotations
with
<FONT
size=2>n1=19;n2=39;p1=OscP(n1,n2);p2=OscP(n1+1,n2+1);OscDiff=100*(p1-p2);AddToComposite(Oscdiff>0,"~Positive","v");AddToComposite(Oscdiff<=0,"~Negative","v");AddToComposite("~count","v");Buy=0;
to see how many stocks have positive OscDiff [a characteristic
bullish property]. The rest are negative and express the bearish
mood.
After the composites creation plot in IB the
<FONT
size=2> pos=100*Foreign("~positive","v")/Foreign("~count","v");neg=100*Foreign("~negative","v")/Foreign("~count","v");Plot(pos,"pos",5,1);Plot(neg,"neg",4,1);Color=(pos>=neg
AND pos>Ref(pos,-1))*42+(neg>=pos AND neg>Ref(neg,-1))*31+1;//
Plot(C,"",Color,64);
to see the indicators and the
SetForeign("^NDX");
pos=100*Foreign("~positive","v")/Foreign("~count","v");neg=100*Foreign("~negative","v")/Foreign("~count","v");//
Plot(pos,"pos",5,1);Plot(neg,"neg",4,1);Color=(pos>=neg AND
pos>Ref(pos,-1))*42+(neg>=pos AND
neg>Ref(neg,-1))*31+1;Plot(C,"",Color,64);
to have an easy reference for the last bullish/bearish
days.
The advice of the att. gif is simple : do not buy after
day2, the last 8 green candles are over.If you are on the short side, avoid
increasing your position after day1, the series of red candles is
interrupted.Dimitris Tsokakis
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
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