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Listen to Mark S. Young's Interview on MarketView
258 Views · 1 Replies ( Last reply by libertas )
From the Link:
Damage has been going on inside the market for several days and finally the indexes showed some of it with all major indexes down today.
But just as the market is looking vulnerable to more decline (and may get some), the swing signals are getting oversold (see table below). Price is down only two days in a row but only two minor upticks kept it from being down five from the last high up day. CNN Money’s Fear and Green index continued to ratchet down. Long-term breadth is down 22 days. That’s getting to be a long time and it is now deeply oversold. And the Short-term Breadth and Volatility signals are both down five consecutive days. Five days is usually too many without a bounce.
For more and charts:
308 Views · 2 Replies ( Last reply by diogenes227 )
Right in the middle between 11/6 - high of 2007 Rally...
And 11/8 the one year Ganniversary for Trump.
So far this pullback is coming on lighter volume, so this can still turn back up into early December...in line with the gold bottom. XAU is nearly at the low of the year now...
517 Views · 5 Replies ( Last reply by opinionated )
VST signal just turned into Neutral from Bearish mode.