BenMao said...
Any classmates here have info for how to the following patterns:
1) MAD;
2) MDD;
3) post MAD;
4) post MDD;
$SPX-Daily: To make it clear: MAD = $NYUPV:$NYDNV > 10; MDD = $NYDNV:$NYUPV > 10. All MADs and MDDs since SPX=666.79 have been identified on this $SPX Daily chart. Typically on the day after MAD or MDD a small body bar will form, meaning that the close price will be close to the opening price.
On this daily chart a decreasing volume pattern has been identified. Three similar occurrences are also marked, with the first (Feb, 2008) being a double top, the second and the third (May, 2008 and Aug, 2008) being rolling-over mid-term tops. Keeping in mind that near the top of 930.17 we have observed distribution occurring. If the 900 mark is going to be taken out together with selling-volume picking up, we have more reason to believe that the mid-term top is passed. However, another attempt can be made to retest 930 if the 900 level is hold.
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