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Dr. Clayton:
True that both Telescan & DialData are giving non-confirmed ER buy signals.
However I still feel that using the WAL & US for confirmation helps increase
accuracy. Examples:
Date ER WAL US
DOW HIGH
8/8/97 4-96 26-74 67-33
8031 Confirmed Sell
8/18/97 98-2 38-62 86-14
7803
8/29/97 96-4 57-43 68-32
7622
9/2/97 100-0 77-23 49-51
7879 Confirmed Buy
9/12/97 98-2 45-55 35-65
7742
9/15/97 98-2 40-60 34-66
7721
10/16/97 4-96 19-81 72-28
7938 Confirmed Sell
10/20/97 95-5 31-69 83-17
7921
If you look these up on a daily chart you will be amazed at the accuracy and
timeliness.
Best Regards,
Richard J. Chehovin
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