*click to enlarge
As was case on way down, if the index in question cannot hold 50% of the previous bull gains, it is likely going down much further.
On way up,same should go, if the index here shown SPX, can regain and hold above the 50% of the points lost line, we could say would be strong indication bear is over, trend defined by 50% principle is bullish.
I don't think we need to wait that long, but can be a helpful longer term piece of puzzle
D
No comments:
Post a Comment