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AIQ did not give a Sell signal yesterday. Using Dial Data as the data
source the signal yesterday was 10-90 and not a Sell!
Very risky here but not a Sell.
-----Original Message-----
From: bobrabcd <bobrabcd@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 17, 1997 6:24 AM
Subject: MKT - djia and ER numbers
AIQ is sometimes notorious for giving buy or sell Expert Ratings near the
upper or lower bands just as the mkt reverses to the opposite direction of
the ER indication. This is one of the rare times it comes at the middle
band on the DJIA. The same ER rating of 4 up and 96 down was received for
the OEX after the close yesterday. The SPX has an ER 9 up and 90 down
which is borderline sell, 95 being the commonly accepted level. Of course
500 stocks are being analyzed rather than 30 or 100. Maybe that is one
glimmer of hope for bullish types. The NDX also remains on a sell rating
based on the AIQ breadth analysis last week with three sells in a row. It
hasn't generated a new signal since then so those three remain effective.
BobR
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