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Re: northam43 post# 36820

Friday, 12/09/2022 3:54:26 PM

Friday, December 09, 2022 3:54:26 PM

Post# of 44989
With the 60-2 ending today, that was 17 between cycle points, so the 60-2 goes to zero points between cycles. That put the Bull/Bear strength meter at -18.86%, which dropped the Bull strength to 50.68%, the Bear strength is 69.54%. At the 60 min level the Bull Cycles now have 8 between cycle points and the 60 min Bear Cycles have 6.

7 of the 8 60 min Bull Cycle between cycle points are the 60 min extended Bull Cycles (60-E-2 & 60-SC-2). The short range 60 min cycles have the 6 60 min Bear Cycle between cycle points. So at the 60 min level, the Bulls have the leverage.

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