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Strategies & Market Trends : Charts & Scans

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To: Louis V. Lambrecht who wrote (970)11/8/2001 8:47:44 AM
From: Jeff Jordan  Read Replies (1) of 5125
 
This looks like a pretty good cycle chart?

home.mindspring.com

This chart gives an excellent indication of intermediate and long term market trends.

For each trading date, the line shows the number of days, out of the previous 50 days, that more of the 250 stocks had positive technical trends than negative.

The center line is 25. Being above the center line for an extended period indicates a "bull market", being below the line indicates a "bear market."

The direction of the line indicates the shorter term trend.

Note that the market has not spent much time above the 25 day line lately.
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