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Categories:Market Breadth Analysis
When price action goes through a red line on the bottom, one-half of the portfolio is hedged. When price action goes through a Red line on the top of the price action, I take one-half of the hedges off. When both red and green lines are pierced to the downside the TREND IS DOWN. When both of the red and green lines are pierced to the upside, the TREND IS UP. Note: I never move the stops away from the market, only in the direction of the trend, so when the bands turn against the trade, stops are held in place until executed or they start again moving in the trade%27s direction.
a market breadth indicator based on stock advances and declines
The McClellan oscillator is a market breadth indicator used in technical analysis by financial analysts of the New York Stock Exchange to evaluate the balance between the advancing and declining stocks
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