#Augen
In case you missed it (I did) there was a 3-in-5 Augen signal on Oct 9th. That’s the first signal since Aug 2018–roughly 14 months. It “should” mean that the rally has some legs. However I still watch the rolling 20 day score on 1-standard dev up moves. We were at 6, we’ve dropped to 5….over 6 can mean things are a little hot. The higher the rolling score gets, the more likely for a correction (manic buying).
I only count Augen signals the first time they hit after a 4% or more correction. So multiple Augen signals I don’t count after the first one. It stays in place until a 4% drop (however there was a 2nd Augen 3-5 signal on Oct 19).