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We don't see pBars much these days, this one was on Stockcharts back on July 1st. Took a month to play out which would have been outside the 10-day parameter that I had set up anyway, still, interesting to see this getting hit in this fashion.
As the algos all move to the short side, it’s a set up for the eventual short squeeze “ripping-rally”
Not today, not sure yet when or where, sorry, stay tuned
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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The “AKRON OMEN” is a signal I use instead of the Hindenburg
It is based on the notion that a sustainable up-trend needs triple-digit new highs, and a sustainable down-trend needs triple-digit new lows, but NOT BOTH ON THE SAME DAY. Such readings are a sign of a confused market.
Unlike the Hindenburg, the Akron signal is rare.
Yesterday we got an Akron Omen signal.
The last signal was January 29, 2018
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Based on AMT VolPro indicates a poor low at around 2914
poor lows will be repaired eventually - which would bring price into the y'day mentioned June 18 gap
Just interpreting what I think I have picked up from FT Dalton etc
And I do not have the guts to go short here big style for a 30 point drop
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Al_Dente wrote:The “AKRON OMEN” is a signal I use instead of the Hindenburg
It is based on the notion that a sustainable up-trend needs triple-digit new highs, and a sustainable down-trend needs triple-digit new lows, but NOT BOTH ON THE SAME DAY. Such readings are a sign of a confused market.
Unlike the Hindenburg, the Akron signal is rare.
Yesterday we got an Akron Omen signal.
The last signal was January 29, 2018
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.