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Market timing switching gears


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#1 diogenes227

diogenes227

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Posted 17 March 2019 - 10:43 PM

From the Link:

 

 

So the market did not go down Friday as expected here.

 

And it may have switched gears to rally some more to the upside.

 

While long-term breadth, as measured by the McClellan Summation Index ($NYSI), continues to decline, short-term breadth ($NYMO) turned up Friday with a low above a low on its chart (see the green circle on the charts below). In bullish times, that is an aggressive traders buy signal. In bearish times, not so much.

 

For more and the charts:

 

TRICKY, TRICKY, TRICKY


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

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."