RE: Market Breadth Update
Attached is the volatility breadth charts which pulled back this week, but other than the NYSE / NYSE Bullish Percent Index ratio the faster moving average breadth volatility charts all remained above their 50 day MAs and so are still on the sell side. If you look back over the last year for comparisons of when the charts were in similar positions, you can see that was in April 2012 and October 2012. So these charts are warning that an intermediate term top could be coming soon.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.