Here’s another way to look at last week’s exhaustion:
Q: of all those declining issues, were there many decliners that hit NEW LOWS?
A: see chart
Okay then
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Helen, who I follow on twitter says read my column where she does a good job of showing how many times we have to see record lows before the low is in. I highly recommend it, sort of a wordy talk with someone who sees things the same way as Cobra. https://realmoney.thestreet.com/investi ... 9-14821318
maybe rebound from range low to range high - a typical range day.
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Trades with cats wrote:Helen, who I follow on twitter says read my column where she does a good job of showing how many times we have to see record lows before the low is in. I highly recommend it, sort of a wordy talk with someone who sees things the same way as Cobra. https://realmoney.thestreet.com/investi ... 9-14821318
Thanks boss, good one
Conclusion:
The “common theme … is that extremes get retested. Whether or not those tests are successful remains to be seen. A successful test is when the indicators do not get as extreme as the previous reading. I expect 2019 will see retests.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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