[pcabc]

Market breath data, my overview with and without taking the MA of the index into account

Following discussions here I have looked at my overall breadth summary both as is, and also capping the 'overal' score to 'sell' when the index in question has a falling 150 day MA.  With the current recovery the breadth has started looking stronger.  But if we take the slope of the 150 day MA of the index into account things look less rosy in most areas.

Without taking the direction of the 150 day MA of the relevant indices:
   


Taking into account the slope of the 150 day MA of the relevant indices:
   

I had deliberately left this out originally as it gave one parameter very strong influence over the 'weight of evidence'.  However, in stage analysis this is a very prominent indication.  So perhaps it deserves this prominence.