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Pastimes : Da_cheifs vomitorium

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To: POKERSAM who wrote (4229)9/2/2023 10:54:02 AM
From: #Breeze4 Recommendations

Recommended By
DayTraderKidd
mark2market
Steve Redding
toccodolce

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PokerSam, did you post your alternate count for the umpteen time? How's the bounce working for you? Here's the retracement stats for the major indices. Breeze

The SPX has retraced 85.4% off its Oct low. That's not a bounce.

The SOX has retraced 88.6 % off its Oct low. That's not a bounce.

The Dow has retraced 85% off its Oct low. That's not a bounce.

The Dow Tran has retraced 76.4% of its Jul 2022 low. That's not a bounce.

The NDX has retraced 85% off its Oct low. That's not a bounce.

The Nasdaq Comp has retraced 75% off its Oct low. That's not a bounce.

They are all moving to a new ATH in unison.

Hurst often referenced the principle of commonality. Expand your technical studies.

Did you buy that Edwards and Magee book?
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