Here's an interesting difference between the the S&P 500 and our market:
- Yesterday's swing high in our market got above the previous swing low (last Thursday) by about 10 points.
- Tuesday's swing high for the S&P 500 left a HUGE space between it and the previous swing low of the previous Thursday of 17 odd points.
That differnce suggests to me that we are in better shape than they are.
That space between swing low / swing high on the S&P 500 confirms the fast trend down in progress scenario.
thursdays malaise, page-52
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