RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Market Breadth based on Mansfield Relative Strength
I spent a fair bit of time carryiny out coding to calculate a market breadth measure on the % stocks with a Mansfield Relative Strength above the zero line and also % stocks with the zero line rising. It then took the computer 4 days t to carry out the calculations. I've not got time for commentary now, I will post some over the weekend. The key part of me is that the charts are not what I would expect, especially breadth increasing as the market was in stage 4.