BGR,
OK, I've found all the data I was looking for. I don't
wish to dispute your point re:- TA and it's "bunkness".
What I am concerned about is the market going into a sudden and sustained spiral downwards.
The question I brought up about market breadth is.....
...Is all the money going to get sucked out of smaller stocks caps into the real big caps, as they are the only stocks that are "safe" to invest in (being gorillas).
If so, the smaller caps will go bust in increasing frequency. These guys all provide the big guys infrastructure. Also a high priced stock must intuitively have some low priced stocks to compare too. Reduced market breadth is a castle built in the air, so to speak.
In short, if the small caps keep getting whacked...the Big caps fall like a house of cards too.
So, that's my case against the clowns, of course I'm one of the most stubborn of clownish clowns, (I have to be, small caps get pnuemonia, when market gets a chill) so I hope you are going to prove my argument erroneous, otherwise I better sell real quick,
rgds
pearly.
ps the only freeby data I found was here on SI, Historical comparisons you have to pay for. I enrolled in decision point. Market breadth has gone down over last 5 years.
siliconinvestor.com
siliconinvestor.com
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