| on the road this week,,,,,,,,,,ytd one of my best indicators, which measures convergence/divergence of the two main groups of options players, had the greatest convergence since the Christmas 2000 massacre. this was greater than either march/april or september 21. the indicator is a capitulation gauge. and today was the followthrough. also my "scottish system" which went long at the low tick on 9/21 could easily have given its first sell signal today on a lower high for the day. but it didn't, so the full buy remains in effect. a breakdown from the open is always a potential sell, but barring that the trend remains up. i always scan the great posts here by cheif and udders but have been too busy to post and just wanted to check in. cheers all!! |
