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TFC Commodity Trading Forum

Re: Significant S&P Cycle Today/STR

Well there are many examples of the market topping out in May in the past. I'll just watch that uptrendline for now. I see yesterday there were a couple of stks that had 7 lower lows and lower highs in a row. They were MOS and PWT.to. Looks like MOS is going to have a day 8 but PWT.to may have an inside day. If it does the scan wont select it for a day 8 as it is not consecutive lower lows and lower highs. I guess if one were to use selectins with inside days they'd have to track these visually rather than with a scan that is so particular. The setting was also for 1 mil share average with price above $20 as well. That alone rules out a lot of TSX based stocks.