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The Z timer and VIX Z score had generated sell pivots on 10/21 10/22 prior
to the big debacle. The technique is more coincident than trailing, and is
often anticipatory by a day or two. There are three aspects to look at.
One is the day to day trend that runs several days to a week. Another is
the pivot, whether it is like a V or like an inverted V. Third aspect is
the statistical level within the distribution. For example a sell pivot
was generated on the close of Tuesday near the sell zone. This does not
mean sell the next open. It means that timewise the rally is statistically
running out of time and price so look for a shorting opportunity within a
few days.
BobR
At 08:40 AM 12/3/97 -0500, you wrote:
>Bob,
>
>I don't know if you went into this because I was offline for a couple of
>weeks .
>
>In your OEX MOSS you show the Z Timer as being somewhat bullish just
>prior to the October 27th selloff. Is this more of a longer term
>indicator for you or (Heaven Forbid) even possibly a trailing indicator?
>
>I'm sorry if you or Ron have already gone into this but I have had some
>trouble keeping up lately.
>
>BTW. If anyone gets a chance to swap their ISP for cable modem access
>jump at it. Quotes beat the hell out of FM, Satellite, and data provider
>cable modems. Speeds are in the multi-MB/sec range. At $39 a month it
>replaces the cost of an ISP as well as a phone line. Also, it's far
>faster and much cheaper than ISDN.
>
>DISCLAIMER. I am not affiliated with cable companies, data providers,
>phone companies, modem manufacturers, nor have I any stock in any of
>these things. I'm just an aging kid who likes fast access.time.
>
>--PJS
>
>
>bobrabcd wrote:
>>
>> High or Low is determined by statistics. That is the basis of Ron's AMOSS.
>>
>> BobR
>>
>> At 08:44 PM 12/3/97 -0800, Peter Lim wrote:
>> >While the use of Fibonacci, Gann and Elliot wave techniques allow for one
>> >to forecast market turning points, it is intriguing to take it a step
>> >further to determine the direction of that turning point.
>> >
>> >So if a projection is run from a swing high, what techniques are
available
>> >to know that the projection is pointing to a swing low and vice versa?
>> >
>> >The use of dynamic cycle ratios, and time clustering allow for one to know
>> >that a high probability of a turning point exists, but how is it possible
>> >to determine that the turning point is a low or high ?
>> >
>> >Regards
>> >
>> >Peter Lim
>> >
>>
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>
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