|From: Wave_Surfer||7/12/2020 4:31:04 AM|
|Hey Cheif, huge fan of this forum and I appreciate the work you've put into helping others with making these calculations! I've got 3 questions about calculating CLX, if you could help me out I'd appreciate it a ton;|
1.) When finding the net difference between the volume CLX and the volume pp, which do you subtract from which and do you need to do absolutes if they're negative?
2.) When finding the weekly CLX of the volume PP, do you use the net change and the net up volume (-) net down volume?
3.) How much of an offset do you use in the 30 day moving average?
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|To: da_cheif™ who wrote (8124)||9/19/2020 12:38:21 PM|
|From: robert b furman|
10 day clx offsets are all negative for next week -42 or -8.4 points a day
30 day clx are all positive for next week + 43 with an average of +8.4
It has been hard to get a match with both averages combining for a boost of late.
With aydis getting close to zero +1.3 and post option expiration early next week, I'm thinking we'll get a quick second dip of aydis into the negative.
That second dip should gives us the clear for a nice rally and call this ABC put to bed.
As Gemx has pointed out, we need a retrace to go quite a ways up to remove the fear of a Bigger C wave yet to come.
All of this as we get really close to the election.
If you trust Fox business news and the Rasmussen polls Trump the incumbent is gaining traction towards re-election.
S&P seasonal pre-election indicates a bottom in the third to fourth week of October.
Lot's of uncertainty out there.
It sure would be a good time to launch a rally - not many people are on board.
Seems like the train leaving the station would not have many onboard going to the base camp of K2.
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