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Re: Raschke's Critical Day Index



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[Quoth the Bob Hunt:]
> The extent of her comments are as follows:
>  "This index measures when the absolute mean deviation for different
> momentum time frames approaches zero.  The price behavior becomes
> quite erratic.  Either an outside day or a trend day tends to be the
> outcome.  It is just a funky thing to watch....telling you the market
> may be schizoid that day...  Don't get signals that often."
> 
> Apparently, the bond, cocoa and coffee markets all had Critical Day
> index readings going into trading on Monday, 1/4.
> 
> After some additional inquiry, I was told that it was based on daily
> ROC.
> 
> Any ideas are welcome!

Is it in "Street Smarts"? That's one book I don't have.


-- 
znmeb@xxxxxxxxxxxx (M. Edward Borasky) http://www.teleport.com/~znmeb

If God had meant carrots to be eaten cooked, He would have given rabbits
fire.