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The weekly bar that will be removed this next week from the calculation of
the weekly stochastic on most (all?) the indices is the LowestLowValue in
the current 5 period set.
I would think that it would take quite a rally building off the daily
stochastic values below 20 now to keep the weekly stochastics from dropping
further (and below 80 and the MA line for some of them). The picture might
be one of those where you see a rally on the daily stochastic charts and a
drop on the weekly.
Walnut Creek, CA