IWM monthly - 5 consecutive bars above the upper BB's

    Posted by matt on 14th of Mar 2021 at 04:51 pm

    IWM - Chart Link - that's quite a lot, rare to see 5 consecutive candlesticks close above the upper Bollinger Bands. This will eventually require a mean reversion.

    March will be a Tom

    Posted by elliotw on 14th of Mar 2021 at 06:01 pm

    March will be a Tom Demark monthly 13 sell on iwm.  So entering higher risk area. But with the strong uptrend, it may only have a pause

    yep good point. Also thx

    Posted by matt on 14th of Mar 2021 at 10:16 pm

    yep good point. Also thx for the reminder, I've been meaning to add the 13 number to the Demark indicator

    TOS calculates the tdms "9s"

    Posted by elliotw on 14th of Mar 2021 at 11:02 pm

    TOS calculates the tdms "9s" okay but has an error in its calculation of 13s. So I manually count the 13s.  As well as the "Aggressive 13s "

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