OBV NNCs when 65dma is falling
Code Used:
For i = 66 To rn
chan65 = (la(i) - la(i - 65)) / la(i - 65)
If chan65 > -.04 Then 2389
If la(i) / ma(i) < 1.0265 Then 2389
If opma(i) > -.02 Then 2389
annroc = (ma(i) - ma(i - 1)) / ma(i - 1)
annroc = annroc * 250
If annroc > .6 Then 2389
pi = i: ms(i) = 19: sells19arrows (pi):
2389 Next i
S19s are simply used here to show the
previous cases
where these Sells would have
occurred. A different
number might have to be used.
I count 28 cases since 1929.
In 32% (N=9) cases,
the DJI rose for a week or more and then
fell to the lower band or
more.
In 32% (N=9) cases, the DJI fell directly to the lower band or
more.
In 21% (N=6) cases, the DJI
fell to at least the 21-dma or a little lower.
In 14% (N=4) cases, the DJI
continued to rise and did not retreat.
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