Posted by timebandit on 26th of Oct 2022 at 12:33 pm
Someone posted a chart of $NAHL yesterday. Today, it's higher
than it has been since mid-August. This will end the day lower
because that's just what Stockcharts seems to do,.
Not sure it matters, but the Bollinger bands were tighter in
August, now they are configured more like they were back in late
March. Probably just due to the length of the rally.
Thanks, Bandit! As I recall, it may signal a day or two
early. But essentially never a false signal. Is that your
recollection? This would mean we are going down soon, the way I
read it. Comments/ corrections!
Someone posted a chart of
Posted by timebandit on 26th of Oct 2022 at 12:33 pm
Someone posted a chart of $NAHL yesterday. Today, it's higher than it has been since mid-August. This will end the day lower because that's just what Stockcharts seems to do,.
Not sure it matters, but the Bollinger bands were tighter in August, now they are configured more like they were back in late March. Probably just due to the length of the rally.
Thanks, Bandit! As I recall,
Posted by mdgfain on 26th of Oct 2022 at 12:53 pm
Thanks, Bandit! As I recall, it may signal a day or two early. But essentially never a false signal. Is that your recollection? This would mean we are going down soon, the way I read it. Comments/ corrections!
Nothing is that simple. Take
Posted by timebandit on 26th of Oct 2022 at 01:11 pm
Nothing is that simple. Take a look at August, where it was in the vicinity of the zero line for a week or so. But it's a caution signal for sure.
Thanks
Posted by mdgfain on 26th of Oct 2022 at 01:29 pm
Thanks