FCX Bullish--Leading Indicator
This indicator is flashing a warning sign!!!
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1 comment:
The indicator is the P&F Chart of the NYSE Bullish Percent Index.
I am currently reading Thomas Dorsey's book on P&F Charting. The warning sign is a "Bear Correction Market". Dorsey says the Bear Correction risk level is like a red light changing to flashing red. It may be okay to drive thru the intersection, but be sure to stop, and look both ways for Mack Trucks....
Thanks for your comment.
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