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Thanks for the update LC. I know you use your own custom breadth index but I thought this might be of interest to you too. The NYMO also hit -100 reading today and these were some stats: http://gambulator.wordpress.com/2013/08/19/mcclellan-oscillator-is-reaching-oversold-area/
Ms-OSC is too widely tracked and its historical performance has deteriorated continuously. A crowded trade so to speak.
The more consistent bias is the one I mentioned in the update where you would have high odds of further drop over the next 2 days which now materialized.
It is a good example of what matters most may not be in the overall stats situation.
p.s. you like this watch so much? =P
It’s a Panerai and I’ve been wanting to buy one. Maybe I should change avatar to the new BMW M4 that’s coming out next year. That way everytime I see it it will remind me to work harder so I can buy things I can’t afford. 🙂
I know about the watch. There was a phase in my life when I was collecting mechanical watches “uncontrollably”. I no longer go out there to get the latest new models anymore … getting old?! LOL