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Strategies & Market Trends : P&S and STO Death Blow's
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To: ajtj99 who wrote (14446)11/9/2002 5:38:15 PM
From: ajtj99  Read Replies (3) of 30712
 
Fleck on new lows:

2) New Lows as a Percentage of All Issues Traded

"Another little-noticed indicator with an excellent track record is the 'New-Lows-as-a-Percentage-of-All-Issues-Traded' index. We calculated this number going back daily to 1928. The really big bottoms have seen between about 50% and 75% of the entire market hit a new low on the same day."
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