Originally Posted by
slgerritz
Pascal or Billy,
I am trying to get an understanding as to how the 20 DMF buy signal relates to the sector tables. The sector table currently shows only one sector, the jewlery sector, with a plus sign, meaning that it is the only buy candidate at the moment. On the other hand the 20 DMF is giving us a signal to buy the market. On the surface it seems that the 20 DMF is telling us that the market is deeply oversold and that we should buy now; yet, the sector tables do not seem to support this recommendation. Is the 20 DMF merely acting as an overbought/oversold oscillator? Markets can remain oversold for some time and can drop dramtically after major support is breached. Or, is the 20 DMF detecting large player accumulation going under the radar? Your answer will be so helpful?
Steve