If Nine to One Up/Down Volume is a Breadth Thrust
#1
Posted 10 June 2010 - 08:40 PM
#2
Posted 10 June 2010 - 08:50 PM
....or FOUR (count 'em) TWENTY TO ONE or better up:down readings in a month? The word "stampede" comes to mind.....
Folks, there is a time to be cautious about being long the market. This just ain't one of 'em. Good Trading, D
Could it be a form of reverse capitulation, sort of a contrarian move to what's coming. Look at NASDAQ , with all that 40 to 1 breadth, it only managed to complete what seems like a weak ABC up... while the heavily intervened indices went higher relatively.
GS.
Edited by goldswinger, 10 June 2010 - 08:50 PM.
#3
Posted 10 June 2010 - 08:59 PM
"Could" be I guess. But when I hear hoof beats, I think "horses", not "zebras".Could it be a form of reverse capitulation, sort of a contrarian move to what's coming. Look at NASDAQ , with all that 40 to 1 breadth, it only managed to complete what seems like a weak ABC up... while the heavily intervened indices went higher relatively.
#4
Posted 10 June 2010 - 09:05 PM
"Could" be I guess. But when I hear hoof beats, I think "horses", not "zebras".Could it be a form of reverse capitulation, sort of a contrarian move to what's coming. Look at NASDAQ , with all that 40 to 1 breadth, it only managed to complete what seems like a weak ABC up... while the heavily intervened indices went higher relatively.
But it 's a jungle out there, it could be zebras!
GS.
#5
Posted 10 June 2010 - 09:09 PM
#6
Posted 10 June 2010 - 09:16 PM
#7
Posted 10 June 2010 - 09:21 PM
If Nine to One Up/Down Volume is a Breadth Thrust, Then what do you call 44 to 1.....
Government Intervention.
#9
Posted 10 June 2010 - 10:07 PM
#10
Posted 10 June 2010 - 10:11 PM
klh