[SENTIMENT TRADER, yesterday]
“Here is every time in the past 25 years when the Dow closed at a 52-week high while most of the NYSE was in a bear market.” https://pbs.twimg.com/media/DoldI4AU4AAKXhG.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
the rebound still has chances to fail. wait and see.
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Harry at Lizard Indicators has put out a multi-deviation tool. I have stumbled into the setting on the chart, the dark dot lines. So using the error calculation from linear regression for 10 prior bars on the EMA plus and minus 2 times really does a good job of containing price. It also helps with my trend lines which you all know could use some help! I don't know if stock charts will let you do some sort of Bollinger off of the EMA but if they do you should play with it.