The uptrend, line g, was broken on the decline as the starc- band was exceeded.
Regular readers of my analysis know that I frequently refer to the Starc bands.
The close was at the daily Starc- band with next support at 2330-2385.
The table below lists ten Dow stocks that closed below the weekly Starc- bands.
Two consecutive daily closes below the starc- band increased the odds of a rebound.
Therefore, it would take a 15% drop to take it to that Starc- band.
Starc took six wickets in Hobart, five of them coming in Sri Lanka's second innings.
The weekly chart shows that QQQ is right in the middle of its weekly Starc bands.
Since then, SPY has been range bound and is midway between the weekly Starc bands.
He was the developer of the starc bands that I frequently use in my analysis.
In the oversold column, you can see that ORLY is 15.3% above the Starc- band.
Typically, closes below the weekly Starc-bands are followed by either a rebound or some sideways price action.
The daily studies (not shown) are negative and NUE closed below its daily starc- band Thursday.
In my monthly starc band analysis of the Dow stocks, several interesting stocks turned up.
In early September, I focused on those Dow stocks that were the closest to their Starc- bands.
When a security is close to its monthly Starc- band, it indicates that it is already oversold.
Automatic Data Processing Inc. ( ADP) closed last week just over 4% above its weekly starc- band.
The daily studies (not shown) are trying to turn positive as the daily starc- band was tested Thursday.
Some internet postings claim that Starc bands are similar to Bollinger bands, but this is not the case.
The iShares Gold Trust ( IAU) shows that the daily starc- band was tested on November 2.
For example, I use starc bands to tell me when not to buy and when to wait.
Starc stands for the Stoller Average Range Channel, and by far, these are my favorite banding, or channel techniques.
The daily high was well above both the weekly and monthly Starc bands.
The major market averages are oversold on a number of levels, and most are currently below their weekly Starc-bands.
Conversely, when prices are near the Starc- band, it is a low-risk time to buy and a high-risk time to sell.
It shows that SPY spent most of last week below the Starc- bands, which has not happened since May 2010.
It should be pointed out that the proximity to either Starc band alone is not a reason to buy or sell.
When a stock is close to its monthly Starc- band (oversold), then it is a low-risk buy and a high-risk sell.
The group has been close to the weekly Starc- bands over the past several weeks, which increases the chances of a rebound.
For over 20 years, I have used two primary technical tools to measure both volatility and risk: Bollinger bands and Starc bands.
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