ALGOS can't hold everything up haaaaaaaaaaaaaaaaaaa
Today’s Chart Of The Day looks at a phenomenon that we’ve highlighted in the past on several occasions and which we have termed, “the Junkie Market”. The idea is a simpler offshoot of the notorious “Hindenburg Omen”.
Essentially, it describes a condition in which there are relatively large numbers of both new 52-week lows and new 52-week highs.
In the past, such occasions have often occurred within close proximity of market tops.
As today’s chart reveals, we just experienced a relatively elevated number of both new highs and new lows – over 100 to be exact – on both the NYSE and Nasdaq exchanges.
http://www.zerohedge.com/news/2018-09-14/junkie-market-back-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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