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My interpretation of the 2 Period ROC is only to tell you if you
should carry a position overnight.
JS
---"Nixon(MLS)" <mbjp57@xxxxxxxxxxxxxx> wrote:
>
> Bob,
>
> You wrote,
>
> >The "pressure" being applied to yesterday's
> >market by the 2 Day ROC Sell signal was downward in direction.
>
> Further to my email of yesterday and as I said I am no expert on
this one as
> I don't really use the the Street Smarts 2 day ROC Indicator in my
trading
> other than as background info and even then only occasionally.
Having said
> that I still disagree with your interpretation of the "signal" if
signal it
> be. You were calling for a sell yesterday but the 2day ROC had just
> flipped up so is unlikely to flip down again without a further up
move which
> is what we saw yesterday. Today is more likely to be a flip down
day but
> you have to look at the number which will cause the Indicator to
flip which
> today is 122-06. Sometimes when you look at where this flip number
is that
> the market could still be substantially higher and the ROC could
still flip
> down. In addition having looked at your gif chart your 2 day ROC
does
> seem to be incorrect as it seems a lot more 'jumpy' than the version
I got
> from the publishers of Street smarts.
>
> I would be interested to hear from anyone else using this one who
could give
> a little more guidance on it's interpretation.
>
> Just food for thought.
>
> regards
>
> Philip
>
>
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