(2015-07-26, 07:44 AM)JimStudent Wrote: [quote='pcabc' pid='9138' dateline='1437817463']
My attempts at market breadth.
Thanks pcabc,
I don't know if we are at atop yet and about to break down but I suspect so. Do you know of any links to Weinsteins's advice during the 2008 downturn?
I'm only just getting to grips with this myself. Can't find anything from 2008. However, have found a site discussing an interview with Stan Weinstein on the evening of the 1987 crash http://www.nextbigtrade.com/2011/10/. It is well worth a look.
I've plotted the chart for 2008, see below, not the index is the S&P500:
I ought to see if I can do it for 1987, there is less data though.
(2015-07-26, 12:13 PM)pcabc Wrote: I've plotted the chart for 2008, see below, not the index is the S&P500:
I could have added in a support/resistance trendline:
My concern is that drawing this in is easy after the fact. If I plotted a trendline into the future each month how many would be correct?