Friday July 29 2022
This is really not that difficult, turn off the TV, stop reading the newspaper, and just watch the indicators.Take Apple for example
MACD a reliable indicator made a higher low in June. Then it was off to a 27 point rise. Looks like the third wave is peaking now. The second was pretty hard down so expect a sideways affair starting this next week.
AMZN scores a thirty point rise, same picture
the huge gap up paired wqith the high MACD reading at bottom suggests a short term top, a third wave blow off. I need to keep this in mind in the future. Every tech fund owns both so they are canaries in that the stock market mine.
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