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As short-term breadth goes...


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#11 fib_1618

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Posted 27 October 2017 - 10:55 AM

If breadth was the catalyst, it would be making the bigger move today.  It doesn't matter in a market where money is being pushed by foreign central banks.   That money can only go into the largest capitalized stocks.

 

Money "flows" into areas that it believes to be undervalued on a comparable basis.

 

With liquidity levels as high as they are currently, this is more of a rotational question than it is a philosophical one of which one can use a simple EMA to keep you from making directional mistakes.

 

Anyway...everything market must be addressed in its proper context....whether it be on a daily or trending basis.

 

Fib


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Wise men don't need advice. Fools won't take it. - Benjamin Franklin

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#12 diogenes227

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Posted 27 October 2017 - 03:05 PM

Well, I see there was a lot of fun and money to be had today thanks once again to the McClellan Oscillator (kind of amazing sometimes what a little squiggle on a chart can do smile.png ).

 

Good luck and good trading, and have a nice weekend.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

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#13 fib_1618

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Posted 27 October 2017 - 03:55 PM

Well, I see there was a lot of fun and money to be had today thanks once again to the McClellan Oscillator (kind of amazing sometimes what a little squiggle on a chart can do smile.png ).

 

Yep...it's always the "whispers" that make you the most money...you just have to listen for them / to them before the rest of the crowd knows about it.

 

And the McClellan's are the number 1 analytical tools out there...and very few seem to understand and/or appreciate their unique value....and that's more than OK.

 

Fib


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Wise men don't need advice. Fools won't take it. - Benjamin Franklin

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