Twitter rumor that there will be at least a 4 million closing imbalance (negative) so it is actually looking like the gap could fill. At ADR low and riding the 3 standard deviation below VWAP line.
double top text book target met. this bear may still have legs.
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Frontrunner: TICK, green, should have made a high right there because SPY did.
TICK didn’t. That’s important divergence.
Bottom panel is 20 days, percentages
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Even with the lag that “cumulative” provides, the TICK is pretty pure
TICKS are either up or down (unchangeds are not counted)
Alternative: you can delete the generous moving-averages used as “smoothers”, and just focus on HH/HL and LH/LL ticks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Even with the lag that “cumulative” provides, the TICK is pretty pure
TICKS are either up or down (unchangeds are not counted)
Alternative: you can delete the generous moving-averages used as “smoothers”, and just focus on HH/HL and LH/LL ticks
I like both, AD.
Cumulative, with smoothing, gives a clear sense of trend. But the raw data is also valuable in terms of showing peaks of enthusiasm or concern.
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