Technical_Analysis_page_180

Technical | Analysis page 180 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 8 Measuring Market Strength 151 Colby (2003) introduced a number of calculations that showed promise until the year 2000. A long-standing panic signal, devised by Alphier and Kuhn (1987), is to buy the stock mar- ket when the Arms Index exceeds 2.65 and hold it for a year. This signal has…