Replies to post #36778 on Profunds index and sector trading (PRO)

[Namiar]

I've been doing some research this weekend and I've got to say that I am not comfortable yet that the down is over. I will continue to operate the RAIM model from the BEAR mode. Once this BEAR long scalp has commenced, will return to a baseline short position.

That said, it wouldn't be entirely unusual for the market to collapse to its low point in short order.

[Namiar]

Todays NOOV is a +87




Nasdaq OB-OS Oscillator Value: we'll call it NOOV.

NOOV = (UpVol/(UpVol+DownVol)) - (1 - (Upvol/(UpVol+DownVol))

This will be a fraction, so multiply it by 100 for a clean number. On a given day, if Up Volume is 600M and Down Volume is 400M, the Daily NOOV is:

0.6 - (1-0.6) = .2

Multiply by 100 and you have 20.