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Re: rimshot post# 60

Friday, 08/03/2018 8:08:22 AM

Friday, August 03, 2018 8:08:22 AM

Post# of 207
RIM

Two things are very critical as you outlined. Thanks for informative comments.

1. Study all other indices to see what they are doing - on daily

2. Study 60 minute and daily charts for all indices

3. I strongly feel that ADV DEC line is the key - guarantees price behavior

4. I should understand how it behaves in MAs, MCOSC, MCSUM and % BB all the time

5. STO is secondary indicator

Lessons learned - SPX made a double bottom while NASDAQ made a steeper correction.

Need to train my eye to how AD line behaves - it did put a higher high

Lastly, % BB poke outside the LBB on Aug 1 at same level as June 28 bottom nailed it.

PS: As I was reviewing your SC site I came across teh use of STO and was curious that's all.

Any comment on AAPL if the bull market is going to run sometime or are we topping here like FB/NFLX.

Note: I have printed all teh ADLINE % BB MCOSC MCSUM charts and staying them in detail everyday

Must look at the 3 main index begavior NDX SPX DOW everyday



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