RE: Beginners Questions
[quote='isatrader' pid='6709' dateline='1423357526']
"Currently for example the NYSE market percentage of stocks above their 150 day MA is at 55.64%, and the Nasdaq market percentage of stocks above their 150 day MA is at 52.47%. Both of which are now challenging the top of their recent ranges "
Hi Isatrader, something that I have been wondering about the 150 day MA. I believe Stan Weinstein said something like the 150 day MA is about 75 to 80% in step with his stage analysis. If that is the case, is it possible that the 150 day MA is 25 to 30% higher when the stock market hits a stage 3 top. A stock can be over it's 150 day MA and have a flat 150 day MA. Weinstein's stage analysis would put a stock with a flat 150 day MA in stage 3. Stan Weintein's stage analysis judges stocks healthy that are in a stage 1 and 2 only. That would put a total different spin on 150 day MA when the market is topping out.
Just a thought .