Agree to that.
I track a home-made indicator to try to time long entries. It's a sentiment count using 480 ASX-listed PM stocks listed on the ASX. It counts the daily number of 20-day New Highs and New Lows. The difference is then averaged over 5 days to give it a proxy-weekly gravity. That 5-day MA is the red trace on the chart below. Only stocks under $10 are counted.
Point A in the chart was March 16.
B came 34 trading days later on May 6.
C was 32 days later on June 22.
D was 34 days later on August 9.
So, it begs the question. When does E arrive?
32 days gives E on Sept 22. 34 days is Monday Sept 26.
Don't sell your tired longs this week.
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