AI
Tuesday, October 19, 2004 8:41:47 PM
For anyone interested or those that remember these charts from Han's other board, my Naz breadth indicator went into a BUY on the close today. It's hard to beleive but it's a fact. The last buy was the close on 9/29 (1389.70) the following open to buy was 1389.69. The last sell signal generated was the close on 10/7 (1455.77)
The upper indicator is a time series moving average (TSMA) of Nazdaq accumulated issues (blue) verses TSMA of distributed ISSUES (red). The bottom is TSMA of accumulation and distribution VOLUME. The signal is given when both blue lines cross both red lines. This indicator is remarkably accurate so we will soon see.
If the market goes up from here you will have just witnessed market manipulation at it's very finest.
The chart:
The upper indicator is a time series moving average (TSMA) of Nazdaq accumulated issues (blue) verses TSMA of distributed ISSUES (red). The bottom is TSMA of accumulation and distribution VOLUME. The signal is given when both blue lines cross both red lines. This indicator is remarkably accurate so we will soon see.
If the market goes up from here you will have just witnessed market manipulation at it's very finest.
The chart:
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