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It's been a while since I last posted.
Watching multiple time period indicators intraday has convinced me that it
is essential to evaluate market indicators from a multi-period perspective.
Alexander Elder has the clearest exposition of this that I've seen (his
"Triple Screen System").
Anyone know of anyone besides Elder who has written clearly about an
integrated multi-period analysis and trading?
I've summarized values for my current favorite indicators below by index and
period as of close 1/9/98.
S&P500 Daily Weekly
Monthly
Stochastic(5,3,3) 13.56 & falling 36.24 &
falling 73.81
MACD (12,26,9) -2.95 & falling -5.43 & falling
5.52 & falling
3 Line EMA(4,9,18) 4 just crossed below 9 & 18 4 just crossed below 9
4 above 9 & 18
DJIA
Stochastic(5,3,3) 19.90 & falling 30.04 &
falling 61.97 & rising
MACD (12,26,9) -18.7 & Falling -41.44 &
-13.78 & Falling
3 Line EMA(4,9,18) 4 just crossed below 9 & 18 All ~= but 4 is falling
4 above 9 & 18
Nasdaq Composite
Stochastic(5,3,3) 12.97 & falling 27.50 &
falling 35.14 & falling
MACD (12,26,9) 1.48 & falling -23.96 &
falling 2.34 & falling
3 Line EMA(4,9,18) 4 just crossed below 9 & 18 4 crossed below 18
4 above 9 & 18, but close to 9
4 periods ago
Nasdaq 100
Stochastic(5,3,3) 19.12 & falling 24.04 & falling
32.13 & falling
MACD (12,26,9) 2.09 & falling -18.33 &
-5.35 & falling
3 Line EMA(4,9,18) 4 just crossed below 9 & 18 4 crossed below 18
4 above 9 & 18, but close to 9
4 periods ago
Wish me luck. My intra-day travels (or is it travails?) have led me to try
my hand at intra-day S&P futures.
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
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