[malaguti]

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Totals for the week:

+227 double top breakouts
-432 double bottom breakdowns

-205 net breakouts - breakdowns

can i confirm my understanding based on this information and current market action..
taking the relationship of the daily breakouts vs breakdowns and the 200 day ma of that info, which correlates to a 50week ma
in mid december the ma broke through zero, culminating in the market (s&p) correcting quite violently
since then, the S&P has gone on to reach new all time highs whereas the ma has not crossed back above zero
which ultimately signals an inherent weakness and calls into question somewhat the recent advance. and now we have a correction..
thats what im reading into these numbers

i guess two questions come to mind..
1) how does the overall ma affect the overall market to "allow" an advance to new highs without being substantiated by a series of new breakouts. my take on that question would be the weighting of the constituents. you could have 200 breakdowns outweighed by one breakout and the relative weighting of that 1 could tip the s&p upward even though everything else is negative
2) how can we benefit from that information. could/should we be amending investor/trader methods to be more short term in nature where we have this weakness and then switch back to investor when all aligns

fascinating