Tuesday, September 06, 2005
Well, there has been a famous technical instrument appearing in the market. If Iam not wrong, it’s abbreviation is called BJI, but what does it exactly stands for I have no idea. Let us have a look at how it works.
The Red line is 9-EMA
Well, from what i learn, the formula of calculating BJI is
Y= 9-EMA * (1/Jd)
where jd can is the decision of J**ce. If it is a BUY, it should be less than one.
If it is a SELL, it should be more than one.
Buy: Jd<1
Sell: Jd>1
The value of Jd depends on the confidence of J**ce.
Well , as long as the BJI is below the EMA, it is a sell signal. If it above the BJI, it is a buy signal.
It works, really.
The Red line is 9-EMA
