W/r to the numbers Bob likes to call it having the wind at yer backside.
Suggest you work your way thru Cheify's link about CLX. It is very good, Cheify calls it OBV in its purist form, if I remember right. I appreciated the mathematics of it all, which takes all but the very few a bit to instantaneously understand and grasp. You kind of have to get started and then build on the details. Fairly brilliant however, the way it is put together. And another tool for the tool chest.
Bob is better at it than I am maybe he will chime in again, I am about in the walking stage from a crawl, least I think so.
I basically have two indices out in front a bit, they seem to lead. The Tran and the Sox. I think both of those are in the early stages of a 3rd wave up. Rest like the Rut are barely starting. Just saying, my opinion is 3rd waves often take a bit to get established, then the mo continues to build.
The NDX appears to be working on busting out of the rising channel, to the upside. To me anyways, in a very sneaky manner. But assuming it does, it too will be heading up in another wave, and the rate of rise should increase.
It does not happen in one day.
Tweets
The Tran. There seems to be no other option but this one.
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