I was looking at the Trader Feed infamous t2123 indicator 20 day highs AKA 4week highs.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
Tuesday, August 11, 2009
one would think this was a breadth indicator but I have disputed it, said it's probably more like an osolator. I'm hoping it shows... but I think it gives you a lagging sell indicator... and what I marked is when it turns red(negative/declining) and turns down. It does give some false signals... but seems usable... but not as Breadth... or as a divergence... as you can see.
Posted by Eric at 11:53 PM