I've just finished reading Greg Morris' Complete Guide to Market Breadth Indicators. A great read, I plan on adding some of this to my daily routine. Some of the stuff is easier to see relationships with than others, my guess is I'll skip the one in a blue moon indicators and stick with broad trend stuff that does not swing around much. Assessment of market breadth notably important.
The McClellan family of indicators gets a lot of mention there and I have seen them elsewhere. I've not seen all of these as an option on sites I've used before so I went to their site: http://www.mcoscillator.com/
It looks like too much information to me. In particular I note them calling for bullish moves in June 08 and Oct 08 that clearly did not materialize.
I wise man once wrote to me that "Only price pays".
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Nursebee:
ReplyDeleteI like your blog. Great mission statement!
I do not know if it is OK with you to post questions on a given stock for your opinion? IBD forum is an awkward place to direct a question specifically to one person.
I have been doing swing trading as well as long-term trading. I greatly rely on candlestick charts. The research available at IBD is quite good. I like articles published in New America for ideas and find them very helpful.
I will check your blog for your response to my comment. Good luck in investing!
chirawa
I welcome questions and comments.
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