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Hi all,
I just tried to find a perspective for the coming weeks.
Most indicators are significantly in oversold areas, at least on short time basis.
Weekly long term data are a little different. For example: Stoch, 25 wekks smoothing, which
is one of my valuable ones, even has not left the overbought area yet!
This could mean, that we will see a few days recovery before loosing again.
For direction changes after significant moves (you agree, this plunge was one? <g>), I am
looking for divergences. That I could not find even one until now, seems to be a bad sign!
I tried to compare the situation with 1987 but have no data of S&P or DOW. So took the DAX
data of this time and found, that in comparison the present oversold indicators would have a
lot of space to go - in case of.....
So I wonder, if there is anybody who could send me DOW or S&P data from beginning 1987 (or
even a little earlier until about Jan 1997.
Would really like to compare the situations and let you know my results...
Best wishes
Thomas
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