RIM - update for Aug 2, 2018
What a day and what's turnaround - it could have been predicted - more below - first stats
1. PMOAZNDX @ 68 still red and dis trending trying to cross down below MA 63
2. ADLINENDX @ 664.60 > 19 ema up trending
3. % BB NDX @.58 and above .5 up trending
4. MC OSC NDX @ -13.25 up trending
5. MC OSC COMP @ -18.50 up trending
6. MCSUMNDX @ 622.83 red - but delayed signal
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Takeaway - all ADLINES for indices SOX NDX DOW above 19 EMA - more up
Possible way to determine ADLINE's future direction - two things are important that if ema 19, ema 39 and ema 50 are one above other we have uptrend assuming slope is positive.
ADLINE is teh raw data and must be understood well - MCOSC and MCSUM are derivatives
Going thru RIM's SC site on AAPL, an idea emerged - use Full stoch to predict or ascertain future direction of ADLINE - as in case of NDX it was ambiguous for few days - displayed by its fluctuation above and below - not foretelling sustained direction
However, a question arose on whether to use full stoch on NDX index itself of NDX ADLINE which is a function of teh NDX price itself - most raw data available
It was decided to put a FULL STOCH on ADLINE to see extent of traverse of the Full stoch. On June 28, it went to 0 - that would imply that price would most likely stop there. On August 1, it went to 18.6 and stopped - these numbers could be obtained by print labels easily. On both occasions teh market bottomed 1-3 days before it started heading up. Slower during June 28 as it had to come up from a lower level.
On the same chart of ADLINE - NDX or QQQ was plotted to always see what teh levels are for a given index of interest. While there is no direct way to get price labels for Full stoch bottom, it is easily seen that the bottom found on June 28 and August 1 are silimar to those predicted by ADLINE Full stoch of14,3,3
Kindly comment on teh above - or if there is any other way intraday to visualize that we could be bottomed.
NOTE - the ADLINE stoch data is only after hours - but teh one fir QQQ or NDX is updated during the day.
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