6 Minute Read

A Reason to shift to Bulls team on Oct 29th

November 7, 2014

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If you were watching the internals, one of my favorite is the $ARHI3M-$ARLO3M symbol you could type into TOS.
It just looks at the entire arca exchange which is thousands of stocks and lets you know
how many stocks are making new highs on their 3 month chart
minus
How many are making new lows on their 3 month charts.
this way you arent just looking at certain baskets of stocks in grouped into indexes,
you are actually looking at the entire majority of the market as a whole.
If i get 2 green candles above the “0” line then there is very bullish sentiment building
and 2 red candles below then shift is to bearish sentiment. I also back it up with markets above the 20ema and a couple other things, but this really has helped in the past.
check out the $arhi1m- $arlo1m this is a 1 month comparison instead of 3 month, it moves a little faster, but should be at least 2 greens above 0 and bigger green candles to confirm the 3 month hi-lo.
arlohi lo

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