RE: Market Breadth Extra
(2015-12-09, 08:20 PM)gbarbs Wrote: Would you consider this "hovering"? It certainly does not look like it on this time scale but the 2 yr time scale looks different its been near the zero line a few months. Maybe I'm overanalyzing but he mentions a move below when it is hovering is less meaningful is all.
momentum index on the bottom on a 3 yr time scale
It just looks like a further downward continuation, although it doesn't mean anything on it's own. But does add another negative to the overall Weight of Evidence, with other breadth indicators turning down again as well, after the short term rally. So the Weight of Evidence is suggesting some caution again imo.
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.