Also notable is that the CBI popped up to 13 today.
The top 3 breadth stats come from Worden Bros. TC2000.
P.S. Traders may want to take a look at the charts following the previous two extreme posts.
Friday, November 21, 2008
XXXtreme
So every few weeks a new selloff emerges that attempts to one-up the previous selloff. I showed some tables with incredible extreme conditions on 10/9 and 10/27. And now I present…contestant #3.
Also notable is that the CBI popped up to 13 today.
The top 3 breadth stats come from Worden Bros. TC2000.
P.S. Traders may want to take a look at the charts following the previous two extreme posts.
Also notable is that the CBI popped up to 13 today.
The top 3 breadth stats come from Worden Bros. TC2000.
P.S. Traders may want to take a look at the charts following the previous two extreme posts.
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2 comments:
How do you calculate true range and is that simple moving average or exponential?
Really enjoy reading your blog.
PCP -
Thanks. All averages are simple unless I specify them as exponential. I use simple more often.
True range for SPX is not as accurate as for SPY becasue the chart is basically gapless. If a gap does show, then it is included in the calculation.
Rob
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