RATIO BASED MOMENTUM INDICATOR TO SHOW THAT THE BOTTOM FOR THE MARKET
MAY NOT BE AS CLOSE AS SOME EXPECT.
THERE HAS BEEN A LOT OF DISCUSSIONS ON THE MARKET BREADTH, SPECIALLY NEW
HIGHS/LOWS. WHICH IS FINE BUT, EVENTUALLY THE BREADTH CAN ONLY IMPROVE WHEN
BUYERS STEP UP TO THE PLATE AND BID PRICES HIGHERS.
AT PRESENT THE BUYER ARE NOWHERE TO BE SEEN, LET ALONE BID PRICES HIGHER.
SO LETS NOT GET OVERLY EXCITED AT SEEING THESE LOW PRICES THINKING ITS A
BARGAIN.
LET THE MARKET TELL YOU. WAIT FOR THE BREADTH TO BOTTOM OUT AND IMPROVE.
RIGHT NOW ITS GOING DOWN, SO LET IT.
SPX-VS-BREADTH MOMENTUM
good luck/trading to all
rgds
mani
Edited by emkay, 15 August 2007 - 09:20 PM.
