2 replies to this topic

[diogenes227]

From the link:

 

 

How important is long-term breadth to the swing trader?

 

It is a trigger to get into the trade and an answer to one of the most difficult questions in market timing and stock trading — When to get out?

 

Measured here by the McClellan Summation Index ($NYSI), this latest upswing began on the open of of 8/20 and closed on the open today, a 10-trading-day swing. See the indicator in the center band of the charts below).

 

For the profit results for the swing trade:

 

MARKET TIMING - SUMMING UP A 10-TRADING-DAY UPSWING

[Waver]

Diogenes227,  What was the trigger for the 10 day rally?  the 10 day MA crossed over another MA?

[diogenes227]

Diogenes227,  What was the trigger for the 10 day rally?  the 10 day MA crossed over another MA?

 

The NYSI turned up on 8/17, triggering the buys at open on 8/20.  It turned down yesterday signalling a sell at the open today.

 

Today's sell did not stop the marijuana stocks from getting higher and higher however. TLRY up 200%, CRON up 98% since the buy signal ten days ago. 

 

Bull markets don't end in complacency.  They end in froth, or this time just go to pot.