Maybe a good sign - Stool Pigeons Wire Message Board

Stool Pigeons Wire Message Board: Maybe a good sign - Stool Pigeons Wire Message Board

Help

Page 1 of 1

You cannot start a new topic
You cannot reply to this topic

Maybe a good sign Aroon crossover on broad market index Rate Topic:

#1 Yoshaviah

Assistant Professor of Stock Proctology

Group: Members
Posts: 3,309
Joined: 26-November 01

Posted 08 April 2003 - 10:05 PM

Back to top of the page up there ^
MultiQuote
Reply

#2 savvytime

Stock Proctology Intern

Group: Members
Posts: 9
Joined: 30-January 03

Posted 09 April 2003 - 12:25 AM

Interpretation, Yosh? What is the significance of this crossover?

Back to top of the page up there ^
MultiQuote
Reply

#3 Yoshaviah

Assistant Professor of Stock Proctology

Group: Members
Posts: 3,309
Joined: 26-November 01

Posted 09 April 2003 - 12:41 AM

Maybe nothing because it is a weekly chart and the crossover might be gone by the end of the week. On the other hand it could have some predictive value even though it is a lagging indicator. I was looking at the previous crossovers and noticed how they preceeded a decline.

Back to top of the page up there ^
MultiQuote
Reply

#4

Group: Guests

Posted 09 April 2003 - 05:33 AM

Aroon has a similar meaning as the ADX. Yosh, since you're using a 14-period ADX (and other indicators with the same period), you ought to be using a 14-period Aroon too. Also, since this is a weekly chart, 52-week and 208-week MAs are probably more appropriate than 50- and 200-week ones:

Posted Image

Regards,
Vesselin

Back to top of the page up there ^
MultiQuote
Reply

#5 Yoshaviah

Assistant Professor of Stock Proctology

Group: Members
Posts: 3,309
Joined: 26-November 01

Posted 09 April 2003 - 09:23 AM

Bont, I thought about you as soon as I posted the chart. I said to myself, "self, you know Bont is gonna have something to say about this chart and that's OK 'cause Bont is the expert in these matters." And then myself said to me, "self, you know it's the Fed's job to confound the experts." To which I replied, "self, will they succeed?" So let's give it 'till the rest of the week or next week too and see what happens.