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From Jeff Clark in Growth Stock Wire: Three weeks ago, I pointed to a chart of the McClellan Oscillator and told you it was time to buy. We weren’t looking for a major rally, just an oversold, early-summertime bounce that would take the S&P 500 up to about 1,375 or so. We got as high as 1,363 on Tuesday. Now, that same indicator says it’s time to sell. Take a look… Read full article (with chart)… The five criteria of the Hindenburg Omen are: 1. That the daily number of NYSE (New York Stock Exchange) new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day. 2. That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more [...] |
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