Cumulative Point & Figure Breakouts - Breakdowns
Totals for the week:
+193 double top stock breakouts
-1061 double bottom stock breakdowns
-868 net breakouts - breakdowns
Cumulative line is now below both the 20 day MA and 50 day MA with a big net decline this week of over -1000. Friday was the highest number of stock breakdowns since July 19th, but note that was a swing low, and often the biggest up or down days in this occur at or near a pivot.
Status: Difficult Environment
Cumulative Point & Figure Breakouts - Breakdowns Distance Above / Below its 20 day MA
Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators
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.