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A couple questions:
- Anyone else struck by the number of technical analysts who have been
bearish (including me, although I'm an amateur) and wrong recently on the US
market?
- I've been trying to determine what the technical indicators were recently
(since 10/27/97) that should have cautioned me on my bearishness. (I'm
putting aside the issue of "long-term" vs. "short-term" here. The fact is,
I was/am very impressed by some massive tops and yet missed a 10% up move in
the indices.) What should I have noticed? Here's what I have so far:
- A simple 5,3 Stochastics on the weekly index charts would have been
one caution around 11/1.
- A weekly default parameter MACD signaled something similar about the
same time.
What else was there?...
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
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