History favors a small sell off
Today I'm introducing a new oscillator on the blog. I decided to create an overall score each day based on the Daily, 4hr, and RumWave scores. By simply adding them together and plotting them on the graph, we get a little better feel for market bottoms and tops.
From now on you will see the above chart and graph. The new "Score Total" section is shown with the normal red-yellow-green system and it is also graphically shown for reference. Currently the score total is in the red. It is a little hard to read, but the score is 841. Previous peaks since I started keeping scores were in the vicinity of 900 (+-20).
|DJIA 4hr Chart|
|DJIA Daily Chart|
ENJOY YOUR WEEKEND! GO AIR FORCE, BEAT MICHIGAN!