Merrill Lynch MER
Definition of 'Merrill Lynch MER'
MER was used in a number of trading strategies as a confirming directional indicator. For example, in the High Five strategy it was one of five key components that had to setup correctly before a trade could be taken. The other four were (1) NASDAQ Composite Index, (2) the $TRIN, (3) the $VIX, and (4) the $TICK.
This is what the Merrill Lynch monthly stock chart looked like in last three years of trading.
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