Wednesday was 32nd day of QQQ short term up-trend, but it could reverse on Thursday. But with the put/call ratio around an extreme 1.2, the market could bounce.
Dr. Wish, you never mention IBD’s distribution days (DD) although they rely heavily on the number of DD to change their “market pulse” up or downwards. How much do you trust in the DD ? Is it a good barometer?
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IBD has a wonderful track record for predicting market turns.
Dr. Wish, you never mention IBD’s distribution days (DD) although they rely heavily on the number of DD to change their “market pulse” up or downwards. How much do you trust in the DD ? Is it a good barometer?
IBD has a wonderful track record for predicting market turns.