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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Turtles_win who wrote (173259)	5/4/2022 9:05:06 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 221959

In an up trend, those numbers are bullish... In a down trend, those numbers don't mean very much... You have to step back and look to see where the broader market is when you look at those numbers... Look at the VIX and it's relationship to where it has been over the past week or two... Look at the overall momentum of the recent move, both near term and longer term... When you're flying a plane using only the instruments then you need more than one instrument to know what the plane is doing, otherwise you'll crash... Making money in these markets is like flying a plane with only the instruments to guide us because we can't look out the window to see ahead of us... GZ