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The Freep

06/07/04 1:28 PM

#26983 RE: Fred Langford #26981

Fred -- I understand that it's bullish, too, but I don't know what settings AJ is using. I have one set of charts that default to Jeff's settings for just this occasion, and I do NOT see what AJ is seeing. Do you?

the freep
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ajtj99

06/07/04 2:52 PM

#26987 RE: Fred Langford #26981

Yes, but more if it comes from a lower level or close to 50. The NDX full stochs on this chart are nearly at 80, so it's not that big a bullish thing for the NDX:

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]daclyyay[d20031202,20040625][pc9!c13!c20!d20...

The SOX is more or less the one with the full stochs turning up close to the 50 level:

http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[h,a]daclyyay[d20031202,20040625][pc9!c13!c20!d20...

This sure looks like a 5th wave up just started on Friday on the SOX.