J.M. Hurst's theory of cyclical market behavior proposes that price movements in financial markets are influenced by recurring cycles of varying lengths, which can be identified and analyzed to potentially forecast future price trends. These cycles are not exact, but rather average durations, and they can be nested within each other, creating complex patterns
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XLP, MY BAD ;-)Note
All else absolute in the universe !The Money Flow Index (MFI) is a technical indicator that measures money flow into and out of an asset by combining price and volume data, acting as a momentum oscillator between 0 and 100. It helps identify overbought and oversold conditions, signaling potential trend reversals when MFI readings exceed 80 or fall below 20, or when they diverge from price action. MFI is similar to the Relative Strength Index (RSI) but is volume-weighted, making it a useful tool for traders to "follow the money" and gauge investor conviction behind price moves
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P/E is just like 2018 numbers...All else in the universe absolute...
The price-to-earnings (P/E) ratio is a stock valuation metric that divides a company's stock price by its earnings per share (EPS) to show how much investors are willing to pay for each dollar of earnings. A higher P/E ratio suggests investors expect strong future growth, while a lower P/E ratio may indicate undervaluation. Investors use the P/E ratio to compare a company's valuation against its peers, historical averages, and future expectations
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I am down (-11%)Note
October's performance : Lowest drawdown on CLX in the past 15 Years was (-9.30 ) in 2023. Closing below or at yesterday's close on Friday will be new history been written for the month off October.I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
