RE: 20 year Nasdaq percentage of stocks above their 200 day MA, 150 day MA and 50 day MA
(2022-01-20, 12:15 PM)isatrader Wrote: 20 year Nasdaq Composite chart with percentage of stocks above their 200 day MA, 150 day MA and 50 day MA underneath for comparison to past periods
Highlighted areas are when 200 day MA was below 30% level. Red line is current level in each.
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Hmm. Not too sure what to conclude. Unless it is 2008 it seems that we are in a pullback but in a few months it will be higher. But if it is early 2008 then if you hold on there is a much bigger drop to come. However, looking at the red lines versus the %ages in the shaded areas, t, those percentages have a fair way to drop. On that basis the pullback will continue for a while?
Does this sound reasonable?