Tuesday, January 12, 2010
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Well, by now a number of stocks are getting a bit run-up. The chart of Flowserve is a great example. There was a Climax Low signal a few days ago, and a sharp run-up on good volume. But by now it's run up to a previous high. A correction is due.
The red and blue indicators at the top of the chart show the daily numbers of Climax High and Climax Low signals. There is a certain rhythm to it. We've seen a pickup in the number of Climax Highs recently as the market has consolidated, although so far it's refused to go down. With any luck we should have another wave of Climax Low signals soon. Or at least a little pulse. Things are so strong that this may be all we get.
The red and blue indicators at the top of the chart show the daily numbers of Climax High and Climax Low signals. There is a certain rhythm to it. We've seen a pickup in the number of Climax Highs recently as the market has consolidated, although so far it's refused to go down. With any luck we should have another wave of Climax Low signals soon. Or at least a little pulse. Things are so strong that this may be all we get.
// posted by gigascanner @ 6:38 AM 
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