Open Question
On MadMoney last night (11/12/2009), Jim Cramer mentioned the S&P Oscillator as
being the most reliable indicator that has ranges from -5 to 5, corresponding to
oversold and overbought conditions, respectively; actual values can be greater
or less than these, e.g. supposedly a value of 7 had been reached, the reason
for the selloff yesterday according to JC. I have a requests: (1) Can
RealMoneySilver include this indicator on a regular basis in their daily
briefings on TheStreet.com or RealMoney or RealMoneySilver; if it is already
posted somewhere on a "regular" basis, can you direct me to where that is.
Thanks in advance for your response. KSH
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The oscillator is a proprietary tool that you gotta pay for. Given that it is a
secondary indicator, I don't give it too much weight. There are so many other
secondary indicators you can get on your normal charting software, not to
mention free sites. JC may love it and given his skepticism of technicals,
that's saying something. But to me, it's just another tool. To me, price and
volume are still primary, and you can extract most of your information from
them..
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yes it is Helene Meisler's. don't know exactly what site its on.
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The SandP Oscillator is a proprietary product. TSCM could not post it. I don't
know what it costs, but I am sure that for most of us, it would not be cost
efficient.
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Thanks for the responses. Can you tell me "where" the similar indicator is on
the ?? "thestreet.com" website. Is it one that Helene Meisler uses in her
commentary, calling it something generic, e.g.like "oscillator" - do you know
the "name" of it specifically as referenced on thestreet.com ?
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Keep in mind that markets can stay overbought or oversold for significant
amounts of time(weeks or months). The oscillator is not the beat all, end all,
solution to timing the market. At best it can be a sign post showing that a
temporary top or bottom is near, nothing more.
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the oscillator he is referring to is a proprietary tool of the s n p. (fwiw it
was at something like 30 during last years crash .5 being oversold.) you have to
pay for it and its expensive. there is a oscillator in one of the streets paid
sites which is similar and jim has recommended.
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