Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: ChartMan22 who wrote (96080)	8/29/2017 11:25:17 AM
From: GROUND ZERO™	Read Replies (1) of 219062

With all due respect, you need to know how to read those weekly numbers... a very deep negative number isn't bearish, it's actually bordering on bullish... you have to look at all of the weeks together and see the trend... Very definitely, when they FIRST begin to move into negative territory, then the markets will go down with almost 100% certainty, but it has now already been 6 weeks, and so a very deep number at this point could imply a capitulation type bottom... reading these indicators and charts is very much like reading an x-ray... everyone can see the x-ray, but it takes a skilled individual to know to read it, that just comes with practice and observation over time, lots of time... GZ

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