Replies to post #27756 on Vlispxpert's Underground

[dabonenose]

If the NASI closes above 30 RSI I think the trend up is established. Also downtren that ran from Aug - late Oct had three false flags in the PPS and I've noticed that the Summation chart patterns tend to repeat many times. The downtrend this time has also had 3 false flags in the PPS.
Personally, I am positioned for an uptrend. I hope I'm right, lol

[dabonenose]

Don't forget,,,the summations are a broad brush and individual stocks can deviate. Summations are a broad trend indicator. The trick is to find stocks that follow the broader trend.

The takeaway is that you wanna be bullish in its uptrend and bearish in its downtrend.

[dabonenose]

The VIXis pretty low, so mebe there is a bounce in it yet to come. LOL, it ain't easy bud, lol