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Looks like today's dip will make ANTI maximum oversold right around the 200
ema.
I define oversold in this indicator when the dotted green line (longer term
trend) tracks the lower zone and the thick line (shorter term trend) is
about to hook down.
The green line typically flutters between obot and osold levels, so I like
to buy on the rare events that the green line gets below the oversold
threshold.
The recent prior such readings on the combo of price around the 50-200 ma's
+ anti (green + yellow) oversold were on
12/17/96
04/03/97
12/24/97
08/04/98
09/10/98
05/28/99
07/30/99
9/28/99
01/31/00
02/25/00
Just what is it with this July-August weakness seasonality??
The chart plots are as follows:
Top: VIX daily with 5 bar RSI of the VIX. Market is a buy when RSI(5) of vix
> 70 and turns down.
Next: 6/100 HV Ratio of OEX price.
Next: OEX Daily
Bottom: Stoch Osc with foll settings that are slightly different from the
textbook ANTI:
%K = 7 with a 1 period slowing (yellow)
%D = 10 (dotted green line)
Gitanshu
Attachment Converted: "c:\program files\qualcomm\eudora\attach\OEX080200.gif"
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