The "pain trade" was up again today. More of what's working.
Every day the markets prepare new challenges for us, with the most important ones often the least well-marked (e.g. accounting fraud).Of course, we 'trust' that the authorities will protect us, but we realize that sometimes, no one's there...like the SEC and the Fed.
Here's some of the DeMark TD Range Projections I'll be watching tomorrow._____________________________________________________
Mamis-Meisler breadth oscillator. Peaking. The Worden T2108 indicator (stocks above the 40 day average) is at the highest levels since 2003, which appears (visually) to be the highest level in the past twenty years. So now you know.__________________________________________________
Good trading and great risk management to all.
Educational use only. Never intended as investment advice.
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2 comments:
Isn't the Worden T2108 going to stay high until the November lows come out of the 40-day? Those lows won't come out of the calculation until...January 20th. Uh-oh.
The October lows have recently been dropped from the Worden T2108, but the November lows are still in the calculation. Won't the Worden T2108 remain high until the November lows are dropped, and the 40-day MA can move up? The November lows don't leave the calculation until...Jan 20th. Uh, oh.
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