discombombulated thursday, page-16

I know MACD's are positive and turned up from a kiss which is normally a good sign, but you need to observe within a bear of bull market.

So you buy those sort of moves in a bull but treat with contempt if it is a bear.

EW is such a intuitive process IMO regardless of rules.

This move can just as easily be seen as a wave 2 in 5 of C down.

Sure you buy every dip intraday so long as the longer term intraday indicators point up and they aren't extreme but probably won't be in a bear..

Daily RSI is still under 50 but closing in again.

These are the times when you have to decide whether to preempt a break (never a good idea) or treat as a low risk short.

Not saying RSI is everything as it can whipsaw like any other indicator.

Yesterday CMC closed at a 30 pt premium to XJO which I find a little weird.

CMC is usually more wrong than SPI with bigger premiums at tops and bigger discounts at lows and slow to switch the other way.