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[RT] Re: Sector Rotation/sp500/chart explanation



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In a message dated 5/27/00 1:25:40 PM Eastern Daylight Time, 
dennis@xxxxxxxxxx writes:

<< Interesting chart, Ben. Could you tell us how those numbers are
 calculated? Just eyeballing it, it looks like volatility bands, i.e.....
 
 center line = price - average
 upper line = x STD dev
 lower line = -x STD dev 
 
 Thanks,
 Dennis
  >>
Hello

The  center  line is the closing price of the nya,

The  upper  line  is  the  MAX  momentum  the market can achieve  in 15 buss 
days

The lower  line  is  the LOWEST  the  market  can go  in the next 15 days

ONLY  the center is price.  the  upper and lower are from  MOMENTUM numbers,

the  numbers going from  one to 45  is calendar days

This is a  tool.   when my  indicators are  oversold  AND   this is  close  
to the bottom  we get a rally
hope this helps
Ben