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To All interested,
Using the 7, 14, & 20 and 5, 8, & 13 length ROC indicators there is a clear
"V"
showing an uptrend move in the SPX, OEX, & NCM. However, please notice
that the "V's" are separated and do not form a single "V" but rather two
"V's".
This signal, although somewhat reliable, usually does not indicate a major
trend change, but rather a short term move. Lets wait and see what
progresses.
Check the volumn on ROC signals. You will see the volumn changes
do affect the strength of the move as well. Also notice on weekly charts
that
the Micro "W"'s formed by the indicators are very clear and indicate a
strong
move.
Those stocks, etc. that are very volitile have very good "V" formations and
make
for some good trading.
Also, notice that tops (inverted "V") are not are as clear as those at
bottoms.
I tried using shorter lengths as suggested, but the signal is not as
frequent nor
as clear as the bottom signals. Probably because of congestion. Any
suggestions?
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