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sab63090

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Re: 123tom post# 464228

Tuesday, 07/16/2024 4:46:51 AM

Tuesday, July 16, 2024 4:46:51 AM

Post# of 473213
Tom:

Yes, I only mentioned this because it seems to be an important resistance level....afterall we have run up for 6 days without a correction and the 50 week is a one year time frame which seems much longer to me! So, I personally use an 8 or 9 day exhaustion level to pay attention (using the Tom DeMark Sequential) which actually requires a 13 count for completion, I don't like waiting for a perfected completion (my bad....lol).

I certainly think we do have good momentum, but I agree that we have to be aware here.
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