Friday, October 30, 2009
Bounce
The markets dived right on schedule after the Climax High signals on the 20th and 21st. The price ramped down parabolically, on accelerating volume, penetrating the 50-day xma. It was a perfect setup for either a catastrophe or a bounce attempt.
Notwithstanding my previous post, a bounce is exactly what appears to have happened. There was a pulse in the Number of Climax Highs as shown on this chart of the Nasdaq, by the blue indicator line in the 2nd indicator window. The top window shows the Number of Climax Highs in red.
Notwithstanding my previous post, a bounce is exactly what appears to have happened. There was a pulse in the Number of Climax Highs as shown on this chart of the Nasdaq, by the blue indicator line in the 2nd indicator window. The top window shows the Number of Climax Highs in red.
// posted by gigascanner @ 5:28 AM 
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