Short Term Trading Member Forum

[mrusa1992]

Cash4- agree on NDX, daily 5wk fld at 1521 today, NDX has crossed 2.5wk fld, projecting as low as 1515. The mid line of the Stockconsultant rallybands, is tracing right along 5wk fld now.

FYI - anyone that wants to construct their own rallybands, Stockconsultant is simply using the 20dma, then offsetting it up and down to form the envelope. You can pick off the offset values by visiting the stockconsultant website and reading their charts. The end result is very similar to Hurst dominancy envelope.