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Dear Dom,
Obviously a single day action does not necessarily indicate a trend. What
I am working on is developing a Daily Index ranging from + 100 to - 100. +
100 would be strong long side accumulation and - 100 would be strong
downside distribution.
I am hoping to then come up with an oscillator to assess the strength of
the Daily Index.
I am in the early stages of it so I am not expecting miracles...yet. It is
a work in process.
Just looking for feedback as to whether anyone has gone this route and
their results.
Sincerely,
John
> Are they daily or averages? It's quite possible to get a reversal
> reading one day then the continuation of a trend the next.
>
> Dominick
>
>
>
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, <jvc689@xxxx> wrote:
>>
>> I am currently studying the following for commodity trading validity:
>>
>> 1. Price up, Volume up, Open interest up: Continued uptrend based
> upon new
>> buying.
>>
>> 2. Price up, Volume down, Open interest down: Possible dip or
> reversal of
>> uptrend based upon liquidation of long positions.
>>
>> 3. Price down, Volume up, Open interest up: Continue downtrend based
> upon
>> new selling.
>>
>> 4. Price down, Volume down, Open interest down: Possible rally or
> reversal
>> of downtrend based upon liquidation of short positions.
>>
>> Any feedback welcome since nuances of this work well with many stocks
>> I have ridden.
>>
>> Sincerely,
>>
>> John
>
>
>
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