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Friday's action in Citi Morgan IBM Microsoft suggest
Fri was a reversal day for those stocks and probably the market for at
least several days or weeks. Volume action is my criteria.
Stuart
jer3cube@xxxxxxx wrote:
In
a message dated 2/21/02 5:48:41 PM Eastern Standard Time, makkems@xxxxxxx
writes:
Today
is a Wednesday, a W-day. I predict today will be a turning point (+/- 2
days) for the
stock market. I also predict a turning point on 2/28. However:
(a) this is
also +/- 2 days
NO NEED
TO DEBUNK DELTA.......merely use data that
combines
3 days data into a single bar. Now do your
calculations.
When
I do it, I find that the "noise" is filtered out and
I get
fairly well defined turn points.
Ofcourse,
when it comes to acutally trading and the placement
of stops,
I use the daily charts, but keeping in mind what the
3 day
bars look like.
Gerryb/jer33:3
eccl
1:9
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