Anybody have an opinion on why the McClellan oscillators are in
oversold territory on both intraday and daily and the market near
all time highs? Are the generals leading and that's it?
Correct - very weak internals the past 3 days - see my post
below. I'm sure McHugh is out with a Hindenburg Omen this
week
McHugh is back at it : The stock market generated a new
"first observation" Hindenburg Omen potential stock market crash
signal Wednesday, November 17th. Once we get a second observation
within the next 30 days, that will produce three separate,
simultaneous "official" (or a.k.a. confirmed) H.O.'s on the clock.
I do not remember that ever being the case before. There were two
on the clock when the 2020 crash occurred.
Anybody have an opinion on
Posted by cozz101 on 18th of Nov 2021 at 02:35 pm
Anybody have an opinion on why the McClellan oscillators are in oversold territory on both intraday and daily and the market near all time highs? Are the generals leading and that's it?
Correct - very weak internals
Posted by steve on 18th of Nov 2021 at 02:36 pm
Correct - very weak internals the past 3 days - see my post below. I'm sure McHugh is out with a Hindenburg Omen this week
McHugh is back at it : The stock market generated a new "first observation" Hindenburg Omen potential stock market crash signal Wednesday, November 17th. Once we get a second observation within the next 30 days, that will produce three separate, simultaneous "official" (or a.k.a. confirmed) H.O.'s on the clock. I do not remember that ever being the case before. There were two on the clock when the 2020 crash occurred.
That was my hunch...probably risky
Posted by cozz101 on 18th of Nov 2021 at 02:39 pm
That was my hunch...probably risky playing that ascending triangle on SPY then?
Trade your plan
Posted by steve on 18th of Nov 2021 at 02:44 pm
Trade your plan
Trading the generals...
Posted by cozz101 on 18th of Nov 2021 at 02:56 pm
Trading the generals...