The market can wipe out 2 months gain in one day.
never
don't hold your breath
Posted 28 September 2017 - 03:12 PM
The market can wipe out 2 months gain in one day.
never
don't hold your breath
Posted 28 September 2017 - 03:23 PM
The market can wipe out 2 months gain in one day.
if you are talking about breadth .....that's impossible
Price.
The short term trend of cumulative breadth will ALWAYS tell you, in ADVANCE, if there is a possibility (or even a probability) if something like this can happen...and without exception. Unfortunately, you haven't fully discovered how it does this, and this has caused you (and many others) to worry too much about these kinds of one day events, and you lose out in taking full advantage of such opportunities (and in both directions).
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 29 September 2017 - 07:58 AM
The market can wipe out 2 months gain in one day.
if you are talking about breadth .....that's impossible
Price.
The short term trend of cumulative breadth will ALWAYS tell you, in ADVANCE, if there is a possibility (or even a probability) if something like this can happen...and without exception. Unfortunately, you haven't fully discovered how it does this, and this has caused you (and many others) to worry too much about these kinds of one day events, and you lose out in taking full advantage of such opportunities (and in both directions).
Fib
If you are talking about the MCO, then maybe, but right now it has been down and sideways the whole month. There was a divergence prior to the 2010 event, but NYAD was at the highs right at the crash. And it wasn't just a fluke, there were subsequent
retests and took 4 months to recover.
Edited by CLK, 29 September 2017 - 08:01 AM.
Posted 29 September 2017 - 08:46 AM
The market can wipe out 2 months gain in one day.
if you are talking about breadth .....that's impossible
Price.
The short term trend of cumulative breadth will ALWAYS tell you, in ADVANCE, if there is a possibility (or even a probability) if something like this can happen...and without exception. Unfortunately, you haven't fully discovered how it does this, and this has caused you (and many others) to worry too much about these kinds of one day events, and you lose out in taking full advantage of such opportunities (and in both directions).
Fib
If you are talking about the MCO, then maybe, but right now it has been down and sideways the whole month.
Like I said, you haven't discovered the nuances of what the McClellan's tell you within its proper context.
But as I also said, you're not in the minority when it comes to this which is OK too.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions