Zander wrote:
Superpantz wrote:
Pete wrote:I came up 100% dry on bullish lotto searches and I tried for a good 20 min to find onewhen that happens it could be a sign that we’re not ready to move higher yet?Question I’ve been meaning to ask something related to this – how much can the quality of a SPY move be judged by the nature of the results returned in searches? If intraday RS searches mostly return stocks with bad D1 charts in downtrends, is that a sign that the SPY move up is mostly driven by short-covering instead of legitimate institutional accumulation, and more likely to retrace at any minute?
Answer If most of your searches are turning up stocks with weak daily charts that is a commentary on the strength of the market overall (or lack thereof)
