Edited by CLK, 11 August 2022 - 04:55 AM.
Breadth
Started by
CLK
, Aug 11 2022 04:54 AM
2 replies to this topic
#1
CLK
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Posted 11 August 2022 - 04:54 AM
SPX ITBM is about as high as it can go, so a top should be close, however, NYSI looks like a long term breadth thrust. Three months up signals end of bear market, too tough to read this market before something develops and position correctly.
#2
K Wave
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Posted 11 August 2022 - 08:11 AM
At least Short Term broken cable elevator drop very likely dead ahead, starting within next couple days.
How far that drop gets may give a better idea of longer time frames...
As long 157-158 area contains the drop on Apple, then possible it has flipped back into bull mode.
But below that, then this massive thrust up could turn out to be a truly huge bearish upthrust...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
pdx5
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I want return OF my money more than return ON my money
Posted 11 August 2022 - 12:42 PM
At least Short Term broken cable elevator drop very likely dead ahead, starting within next couple days.
How far that drop gets may give a better idea of longer time frames...
As long 157-158 area contains the drop on Apple, then possible it has flipped back into bull mode.
But below that, then this massive thrust up could turn out to be a truly huge bearish upthrust...
I think you are right.. looking for my extra duty hard hat.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
