OGM
what Summation levels typify bull markets?
I realize the Summations are improving, but do you consider them at a level that confirms an uptrend is in play...something more than a bounce off the low?
or are you anticipating that the Summations will move back to a level that is typical of a rising market?
Hiker, I don't usualy look at summation levels, just at the direction. I know levels are important, but if you look at the summation vs market chart, when summations are rising, the markets are rising. Rising summations = more advancers then decliners. Simplistic approach. Of coruse summations above zero is better then below zero, but frankly, doesn't matter for IT trends.
Summations were extremely oversold. I think absolute oversold level was very important.
There is a chart in that topic. Summations vs market.
http://www.traders-t...?...opic=75668
