It's an awesome tool. When less than 20% of the stocks are above the 50 dma? It's a sky is falling scenario. This little tool that GB55 showed me, allows me to buy when there is blood in the streets, with confidence.
I had to average down 3 times once, In a months time, all 3 entries were profitable.
This is the chart I use for my 401k entries and exits.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.