Monday, December 7, 2009

New DHCI-A Reliable Indicator

We have developed a new Index namely DHCI(Durgapur Holdings Confidence Indicator) for tracking any Scrips/ETF/Index etc.It oscilates between 0-100 with Over Bought @ 90,Over Sold @ 15 and Netural @ 50.It has accuracy above 95%.We mainly use this Indicator to guage a Stock for Buy/Sell or Hold.In March 2009 DHCI goes below 15 and remain for quite some time,this was the start of the Next Bull Market. and in October 2008 it was at 95-99 rang,indicating Extremely Overbought and then the meltdown comes.

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