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(animation) Does the Rally Still Have Legs?

March 10, 2013

The modified haDelta is a smoother alternative to haDelta.

It’s used mainly for two reasons:

  1. Tops and bottoms
  2. Overbought and oversold conditions.

The animation below shows low values below 1.80 for the modified haDelta at the end of January and February 2013.

The significance? More strength ahead.

During February 2013, the modified haDelta showed extremely high values (over 3.0) pointing to short pullbacks/consolidation in order to bring the indicator lower,  below 1.80.

(Note: March is not displayed but everybody knows what the market did.)

 

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