Above is a proprietary mensurate of short-term momentum, inwards which 1.0 represents a neutral condition; readings greater than 1.0 correspond upside momentum; those below capture downside momentum. Readings below .98 conduct maintain tended to survive practiced intermediate-term buying opportunities; readings to a higher house 1.02 conduct maintain tended to atomic number 82 toll intermediate-term highs.
Those interested inwards the human relationship betwixt momentum together with marketplace set timing of cycles mightiness conduct maintain a await at Terry Laundry's function inwards the area.
Note that nosotros seem to conduct maintain made a peak inwards upside momentum belatedly this by week; markets are well-nigh prone to reversal when readings > 1.0 no longer are associated amongst fresh toll highs.
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