Take a peek. I'm thinking this might be a good tool to add.
New Lows as a Trend Indicator?
Started by
OEXCHAOS
, Mar 17 2024 04:13 PM
1 reply to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 17 March 2024 - 04:13 PM
Mark S Young
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#2
Douglas
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Posted 17 March 2024 - 06:24 PM
Mark, the new high version for common stocks below is giving an intermediate term sell signal, so if this indicator is worth its salt, the index should probably continue down for at least a few weeks, maybe longer.
Of course you would know, the common stock new lows below diverged on Friday giving a short term buy signal. So the index might go up short term.
Regards,
Douglas
