|
PureBytes Links
Trading Reference Links
|
Don, here is an expanded view of the chart showing the detail of Thursday
and Friday. The data window is for 6/14 and shows the SuperT oscillator
at -99.61. Then intraday Friday it plunged below the Correction level and
reversed to close at -20.58. The code comes from William Mason's concepts
in TASC Jan 1989, April 1989, September 1989. It is what Ben has tried to
explain in the past. Ben is said to have been involved in the creation of
the cumulative value of the oscillator.
In the Jan 1989 issue the Technical index is defined as:
"The Technical Index is created by taking the net difference of the advances
and declines, up and down volume, and new highs and new lows; expressing
them as a percentage of their respective base, algebraically combining them
to get a daily net number and accumulating this algebraic net......Technical
Index = Previous day's value + Today's Sum."
I made it into two indicators. One is the oscillator(what I call the
SuperT) made from each day's value and the other is the Technical Index
which is the cumulative value.
Oscillator = AD%+Vol%+HL%=100*((adv - decl)/Total issues + (uvol-dvol)/tvol
+ (newhighs-newlows)/total issues
Technical Index = Cum(oscillator).
bobr
http://www.oextrader.com/sigma_trader
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 16, 2001 6:07 AM
Subject: Re: [RT] GEN - market timing
> BobR,
> To my eye the close of the superT is not close to the -100 and the far
left
> shows -45.15 which is more in line with what I am seeing?
>
> What am I missing (help)?
> don ewers
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, June 14, 2001 6:07 PM
> Subject: [RT] GEN - market timing
>
>
> > Today's price, issues, volume is making for some mightly interesting
> charts
> > tonight. The Super T oscillator on the attached chart is analogous to
the
> > "rubber band" theory of market stretch and rebound. The oscillator is a
> > combination of issues, volume, new highs and new lows and is another
item
> > passed on by Ben, alias Profittaker. Today it closed within 0.39 points
> of
> > the -100 CORRECTION level. Crash level has an eyeball definition
of -150.
> > Note that the length of time the oscillator resides near either of these
> two
> > lines is measured in just a few days. Also of interest is the DJ close
> > within 16 points of the long term green Win Midas line and within 15
> points
> > of the red WinMidas short term support line. The combination of the WM
> > support lines and the SuperT oscillator should offer a ray of hope for
the
> > immediate future....longer term is another matter.
> >
> > bobr
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: "SUPERT2.gif"
|