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To: GREHERT
The Triplex system is covered in the TASC Jan and August 1997 issues. The
system buys and sells are a combo of the three lower indicators, but not in a
simple additive combination. The articles are the best place to get a
detailed description of how it is done. It is too lengthy to cover here.
Briefly the indicator you question is actually composed of the Adv/Decl ratio
minus the relative strength of th Dow Jones Composite which is in a hidden
subgraph.
BobR
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In a message dated 98-05-18 23:54:10 EDT, you write:
<<
I looked at your chart. The NH and NL "strengths'" make sense and seem
logical and somewhat predictive. The ADV/DECL Strength on the other hand
doesn't look right. It gave a reasonable sell signal as the market bottomed
in April, but gives a buy signal today as the ADV/DEC line is again flirting
with disaster. What gives with this inconsistent indicator? Could you tell
us how it's computed?
Best Regards,
Jerry Rehert (grehert@xxxxxxx)
"Too much information is no information"
Atlanta, GA
@ 11:50 pm, May 18th, 1998 >>
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