Just a quick note as we are approaching the open and I’ve much to do... This morning’s gap down is putting some indicators I follow into extreme territorty - suggesting a strong bounce is likely in the next few days. I have developed a tool which attempts to measure the amount of capitualtion occuring in different groups. I will discuss this indicator in greater detail in a future post. Notable is that it is now beginning to hit significant levels in Consumer related stocks. One way to take advantage of this would be to begin [...]
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[Source: The Money Blogs]
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