How do I anticipate market direction
As a speculator anticipating likely market direction can pay rich dividends. As I had been anticipating a market turn, on a day like yesterday I had no major long commitments.
To anticipate market turns I uses the price and volume relationship to derive a anticipatory indicator. Much of what I do is very similar to the market indicator you will find at Stockciphering.
I use similar logic to plot all indexes and have done few tweaking to the basic methodology used by stockciphering.
Besides that I have a proprietary leadership indicator which tracks the top 200 stock price volume relationships.
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