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It reminds me of the way you developed/refined pulling out the Mamis variables at the edges. The edges being defined by prior convention of the specific index.
Another principle?
TannisM |
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Probably not. I was going to post the new high/volume of advancers stuff a couple of days ago, but there's a danger in viewing that kind of data as a "signal". There's an important difference between commentary and "making calls". There's also an important difference between "gathering evidence", as Wyckoff put it, and making "recommendations".
I don't recommend going short or long because I really couldn't care less whether anyone does either or neither. It's not my money. But it's important to note that a lower high has been made. Or volume is crap. Or new highs in the underlying aren't keeping up with new highs in the index. Translating "note" into "act", however, takes some doing, and one must have some justification for doing so other than "it seems like a good idea".
In any case, stockcharts.com is available to everybody for free, and everyone who's interested ought to know by now what to chart and what to look for. If anyone doesn't, I can look for the posts later and provide links, unless somebody knows where they are and can save me the time.