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Does this indicator have definite levels that are bearish or bullish?
It's brand new, so just looking into history, unfortunately my construct uses SLV which has limited history (new ETF)
Break of the channel lines seems significant. Bounces up portend strength in SPY, drop down could proceed some big downs.
personally if S&P stops above 300 I will consider myself just plain wrong.
You know....if you type plain wrong, wrong.....you get Palin Wrong.
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Does this indicator have definite
New Ratio Chart
Posted by poohnana on 28th of Jan 2010 at 09:25 am
Does this indicator have definite levels that are bearish or bullish?
It's brand new, so just
Posted by steveo on 29th of Jan 2010 at 01:57 am
It's brand new, so just looking into history, unfortunately my construct uses SLV which has limited history (new ETF)
Break of the channel lines seems significant. Bounces up portend strength in SPY, drop down could proceed some big downs.
personally if S&P stops above 300 I will consider myself just plain wrong.
You know....if you type plain wrong, wrong.....you get Palin Wrong.