and now, a brief word from our sponsors … the markets
Chartists have heard of and likely used fast and slow stochastics.
Most charts (AFAIK) don’t offer the rawk, and even fewer allow for an unbounded version.
Well, that’s what I use. They range above 100 and below 0.
And very interestingly, at multiple higher time frames, they are now warning of bear setups for the indices, tech included. (no signals yet)
At weekly degree they were (one period back) well over 100, now dropping back towards a crossover sell.
Same on the monthly, but not dropping as sharply. The crossover could happen in Feb, or it may take another month or two.
But its better to pay attention than to be complacent.
back to regularly scheduled programming …..
Thanks, Pedro