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Now that my system works the way it's supposed to, I took a look at !IIX.
I have 2 !IIX charts setup in my MetaStock v6.52 Net layout. Has
anyone noticed how the Relative Strength Comparative for !IIX has not made
new highs? I uploaded some charts to my personal web
space for you to study. Feel free to click on them and inspect them.
Let me know what you think. I can use suggestions and advice from
experienced chartists about use of indicators, finding patterns such as
cup with handles & saucers, and especially MetaStock formula writing.
Make a Relative Strength Comparative with !SPX. Notice how it has not
been able to go above its 2/1 and 3/11 highs? I guess MetaStock is
telling us there are better investments out there, for now.
http://www.ixpres.com/horizon/metastock/IIX-Rel.htm
Make a Comparative Price ROC (divide) for 50 days and put a 20 MOV EXP
on it. Notice how it has fallen below the MOV?
http://www.ixpres.com/horizon/metastock/IIX-Rel-ROC.htm
Even the Comparative 14 day RSI has been lower highs and lows.
http://www.ixpres.com/horizon/metastock/IIX-Rel-Rsi.htm
Both short term !IIX Stochastics and Price ROC are giving sell signals.
http://www.ixpres.com/horizon/metastock/IIX-Stoch.htm
http://www.ixpres.com/horizon/metastock/IIX-ROC.htm
Daniel.
All of the above are my opinions and meant for educational purposes
only!
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