RE: Cumulative P&F Breakouts - Breakdowns custom Breadth charts
Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.
Totals for the week:
+179 double top breakouts
-538 double bottom breakdowns
-359 net breakdowns
Note: Although there was more breakdowns again this week, the momentum in the breakdowns has slowed significantly, so there are signs of potential divergences forming in the various charts. So I see these as more neutral now personally than they have been for a while.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.