Quote Originally Posted by Billy View Post
Hello Daniel and welcome on board!


Here was my conclusion from last weekend ‘s blog update:

“The daily stages score has turned positive last Friday for the first time since 7/26/2011 and it is a most optimistic development, with a positive divergence from price. But once again the transition is now overextended and looks unsustainable without a more constructive and orderly shake-out first.

This is in line with the 20-day money flow indicator at www.effectivevolume.com which is on a buy signal since October 4 but now much overbought. The IWM robot, the mechanical and statistical system from the same website, is in cash as of today due to neutral risk-reward outlooks.”

I see nothing contradictory with my Tuesday’s robot comments based on Monday’s impressive and exceptional action.
Billy
Guten Morgen Billy,

But in the article it is also written that ''a very negative long-term breadth development that doesn’t bode well for a sustainable rally.''

It still isnt clear to me. Did Mondays developments than override the concerns mentioned in the article?

Thank you
Daniel