Posted by timebandit on 21st of Jul 2022 at 07:33 am
I do know that the character of the market has changed in the
last couple weeks or so. The first indication to me was when we had
a ramp into end of day and the next day did not sell off. There
have been some tells like that. Walt mentioned that this hasn't
felt like a bear market rally, and I agree.
That said, this is an indicator I am watching now. It's worked
twice in this bear. Can it go 3-for-3?
I do know that the
Nasdaq Highs-Lows
Posted by timebandit on 21st of Jul 2022 at 07:33 am
I do know that the character of the market has changed in the last couple weeks or so. The first indication to me was when we had a ramp into end of day and the next day did not sell off. There have been some tells like that. Walt mentioned that this hasn't felt like a bear market rally, and I agree.
That said, this is an indicator I am watching now. It's worked twice in this bear. Can it go 3-for-3?
It already is 3 for
Posted by drmolar on 21st of Jul 2022 at 09:23 am
It already is 3 for 3 if you look back to Feb where it breeched the line