You can see on this chart by the vertical blue lines I have drawn, that when the fast volatility line is at a relative low when Slow Stochastics is relatively high, tops often form. Note also the wedgelike appearance of the last few days, outlined in black.
On the upper chart, you can see the same wedge forming on the $NDX 15minute chart...
2 comments:
Mark,
thanx, I went a little short a little too early but am not being hurt too bad.
old john
Mark, Thanks.
I'm looking at a turn in the markets before SnP hits 1400.
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