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And they wonder why individual retail traders are an endangered species. As the wits have said eventually it will be only High Frequency Hunter Killer bots.
At the time it seemed wrong, but in retrospect, the Bullish Percents - arguably the most sensitive of the participation indices – were quite predictive, albeit early, when they issued sell signals many days before the 8 Aug SPY high, and then printed negative divergences at that SPY high.
(Obvious exceptions: gold miners and oil)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Pasta boss, a few weeks ago you had talked about using advance decline lines for the sectors, i.e. $xlfadp for the financials. Were you able to get anywhere with that study? I think all of SPDR sector funds have them in sockcharts... Thx! T
te_fern wrote:Pasta boss, a few weeks ago you had talked about using advance decline lines for the sectors, i.e. $xlfadp for the financials. Were you able to get anywhere with that study? I think all of SPDR sector funds have them in sockcharts... Thx! T
No, I'm just using it for GDX
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
daytradingES wrote:I thought I would give a heads up.
Look at 2 years ago this time (match Aug 19 2017 to Aug 17 2015 )
See what happened in the S&P next weekend