Pascal
06-27-2013, 10:29 AM
It is somewhat strange to see the market bouncing from the lows on no large players participation.
The 20DMF is a 20D oscillator which should naturally move back to 0.
You will note that the OB/OS indicator is moving back up, because it is made of a combination of price and MF trend changes. This is the one to watch right now and it indicates that the 20DMF EOD will issue a buy oversold signal at the close (if the MF is at least 0.1% higher than yesterday's close. As of now, we are 0.14% higher.)
Pascal
18968
The 20DMF is a 20D oscillator which should naturally move back to 0.
You will note that the OB/OS indicator is moving back up, because it is made of a combination of price and MF trend changes. This is the one to watch right now and it indicates that the 20DMF EOD will issue a buy oversold signal at the close (if the MF is at least 0.1% higher than yesterday's close. As of now, we are 0.14% higher.)
Pascal
18968