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Jan 20, 2019
A corrective move will take prices down, and can take the RASI down close to zero or even below.
What we have found is that the +500 level is an important dividing line for the RASI, in terms of giving a go/no-go signal about the new uptrend. When a rebound in the RASI occurs and it falls short of getting up to the +500 level, historically that has meant trouble lies ahead.
Jan 18, 2019:
Digital indicator that is a modified version of the Hindenburg Omen, using $NYA and two different kinds of breadth data for the NYSE exchange. The intent is to identify sell signals using three criteria. The first criteria is that the McClellan Oscillator value is less than zero. The second criteria is that both the number of new 52-week highs and the number of new 52-week lows comprise at least 2.46% of total issues. The third criteria is that the value of $NYA%27s 50-day simple moving average (SMA) must be higher than its previous 50-day SMA value. The value for the indicator ranges from 0 to 3; one point is added to the value for each of the criteria that are met. If all three criteria are met, then the indicator value is set to +3. The higher the value, the stronger the omen.
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