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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sat Nov 13, 2004 7:03 am Post subject: Overbought-Oversold Indicator |
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The NYSE Oscillator has been a predictable indicator for years. If SPX calls were bought when the oscillator fell to negative 50 or if SPX puts were bought when the oscillator rose to 50, then it's normally just a matter of a few days to a few weeks before gains are made. Currently, the oscillator is over 50. Therefore, the risk is relatively low.
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