Posted by kevindeng0727 on 18th of May 2022 at 07:09 pm
One more note is they changed to rally confirmation because
yesterday was a 'follow-through' day. When there is a
dirtibution day right after a followthrough day (within a week or
so and today is a distribution day), the rally has a 90% failure
rate.
After calling yesterday a "Confirmed Rally," the IBDweebs now call this an "Uptrend Under Pressure." Does anybody with half a brain, maybe even just 1/8th of a brain, see an uptrend here? #ReductioAdAbsurdiumpic.twitter.com/cNT662AQo5
— Gil Morales - The Gilmo Report & VoSI (@gilmoreport) May 18, 2022
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One more note is they
A comment and a question. IBD called yesterday a rally confirmation. ...
Posted by kevindeng0727 on 18th of May 2022 at 07:09 pm
One more note is they changed to rally confirmation because yesterday was a 'follow-through' day. When there is a dirtibution day right after a followthrough day (within a week or so and today is a distribution day), the rally has a 90% failure rate.
Yes, I definitely believe that.
Posted by mastermind on 18th of May 2022 at 08:58 pm
Yes, I definitely believe that. By the way, the $NASI got fooled for the 3rd time in a row also.
https://twitter.com/gilmoreport/status/1527065186384760832?s=21&t=B1_3UsYLwE6UgAddpbNxhQ After calling yesterday a "Confirmed
Posted by kevindeng0727 on 18th of May 2022 at 09:16 pm
https://twitter.com/gilmoreport/status/1527065186384760832?s=21&t=B1_3UsYLwE6UgAddpbNxhQ