The Worden T2108 Indicator registered 72%, indicating that 72% of NYSE stocks closed above their simple 40 day moving average. Readings above 80% typically signal at least a short term top. ARMH, which I wrote about when it broke out from a cup with handle pattern has been very strong. Check out the weekly GMMA chart for IPGP. It clearly has an RWB pattern with all of the short term averages (red lines) well above the rising longer term averages (blue).
Thanks Dr. Wish,
You brought to my attention ARMH and it paid off perfectly. This is a perfect cup with handle designed by O’Neil.
I agree! It is also a stock that Judy talked to me about a long time ago!
ARMH is a rocket stock! What a move today. Judy is a genius. Please share more of her stock picks with us. Thanks Dr. Wish.
You a know stock with a consistent flag pattern is VRX, seems like a RWB
VRX is an RWB stock, but looks very extended.