Nice work on this. I was wondering if you could elaborate a bit on the "bunching of MA's" - specifically the MA's 55, 89, and 34 as seen in your chart. Does this apply to other MA's and what makes it so significant?
I notice a similar bunching back in late April which turned out to produce a nice move higher in RH as well. I know it should be coupled with other signs of strength, but thought I ask since in all of my reading and analysis, I haven't been able to find a good "why" explanation to understand the logic behind it.
Nice work on this. I was wondering if you could elaborate a bit on the "bunching of MA's" - specifically the MA's 55, 89, and 34 as seen in your chart. Does this apply to other MA's and what makes it so significant?
I notice a similar bunching back in late April which turned out to produce a nice move higher in RH as well. I know it should be coupled with other signs of strength, but thought I ask since in all of my reading and analysis, I haven't been able to find a good "why" explanation to understand the logic behind it.
Thanks,
Adam (MainStInvesting)