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Strategies & Market Trends : Galapagos Islands
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To: J.B.C. who wrote (57095)3/15/2010 7:42:59 PM
From: J.B.C.  Read Replies (1) of 57110
 
FWIW
80-60-40 Rule:

If the % of stocks above their 30 week average is above 80 % and falls below 60%, it will see 40% before it sees 80% again, a longer term indicator and usually has preceded a major market corrections. Since this has been tracked the event of the 30 week going from above 80% to below 60% has happened 16 times. Of those times the 30 week has gone to 40% before seeing 80% every time, except once. That one time it failed occurred last week:

NYSE30:


100 -------------------------------|---------------------------|--------------------- 100 
98                                 |                           |                      98  
96                                 |                           |                      96  
94                                 |                       9   |                      94  
92                                 |                       X O |                      92  
90  -------------------------------|-----------------------X-O-|--------------------- 90  
88                                 |                       8 A |                      88  
86                                 |                       X O X                      86  
84                                 |                       X O 1 O                    84  
82                                 |               X       X O C O                    82  
80  -------------------------------|---------------X-O-----X-O-X-O-----X------------- 80  
78                                 |               6 O X   X O X O     X              78  
76                                 |           X   X O X O X B | O     X              76  
74                                 |           X O X O X O X   | O     X              74  
72                                 |           X O X O   7 X   | O     3              72  
70  -------------------------------|-----------X-O-X-----O-X---|-O-2---X------------- 70  
68                                 |           X O X     O X   | O X O X              68  
66                                 |           X O       O     | O X O X              66  
64                                 |           X               | O   O X              64  
62                                 |           X               |     O X              62  
60  -------------------------------|-----------5---------------|-----O-X------------- 60  
58                                 |           X               |     O X              58  
56                 6               |           X               |     O X              56  
54             X   X O             |           X               |     O X              54  
52             X O X O             |           X               |     O                52  
50  -----------X-O-X-O-------------|-----------X---------------|--------------------- 50  
48             X O   O X           |           X               |                      48  
46             5     O X O         |       X   X               |                      46  
44             X     O X O         |       X O X               |                      44  
42             X     O   O X       |       X O X               |                      42  
40  -----------X---------O-X-O-----|-------X-O-X---------------|--------------------- 40  
38             X         O 8 O X   |       X O                 |                      38  
36         X   X         O X 9 X O |       X                   |                      36  
34     X   X O X         O X O X O |       X                   |                      34  
32     X O 4 O X         7 X O X O |   X   X                   |                      32  
30  ---X-O-X-O-----------O-X-O-X-O-|---X-O-X-------------------|--------------------- 30  
28   O X O X             O X O X O |   X O X                   |                      28  
26   O X O X             O   O X O |   X O                     |                      26  
24   O X 3 X                 O   O |   4                       |                      24  
22   O   O X                     O |   X                       |                      22  
20  -----O-----------------------O-|---X-----------------------|--------------------- 20  
18                               A |   X                       |                      18  
16                               O |   X                       |                      16  
14                               O 2   X                       |                      14  
12                               O 1 O X                       |                      12  
10  -----------------------------O-C-O-X-----------------------|--------------------- 10  
8                                O X O X                       |                      8   
6                                O X 3                         |                      6   
4                                O |                           |                      4   
2                                  |                           |                      2   
0   -------------------------------|---------------------------|--------------------- 0   
---                                0                           1                      ----
---                                9                           0                      ----
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