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Re: RCKS post# 7

Tuesday, 07/17/2018 11:04:00 PM

Tuesday, July 17, 2018 11:04:00 PM

Post# of 207
RIM and RCKS

First, I want to sincerely thank you for setting up the 4 charts in the Sam evildoer for quick review.

Based on my review of the four charts - A/D line, McOsc and McSum in that order, I see

1. All indices indicate their ADV-DEC lines above the 19/39/50 MA and pointing upwards

2. The ADV-DEC lines are still below the UBB (poking upper BB is sort of topping pattern last 3 times)

3. McOSc is above 0 for SPX, NDX and DOW and below 0 for NYC and NAS ( short term view)

4. McSum for all indices is above 0

5. All BB% are close to the top near the UBB of 21 and 50 BB

We may see some ST weakness in 1-3 days - just an observation based on item 5?

Hope You can review my evaluation of charts to guide me further.

Regards.

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